Business & Finance
Deutsche Telekom Plans €2 Billion 2027 Buyback After Profit Beat
Key Points
Deutsche Telekom Plans €2 Billion 2027 Buyback After Profit Beat Deutsche Telekom AG, Europe’s biggest phone carrier, announced plans to buy back as much as €2 billion ($2.3 billion) in shares next year after third-quarter profit beat estimates. Adjusted earnings before interest, taxes, depreciation and amortization after leases were €12.2 billion in the period, the Bonn, Germany-based company said in a statement Thursday. That compares to an average analyst estimate of €12.05 billion,...
Deutsche Telekom Plans €2 Billion 2027 Buyback After Profit Beat
Deutsche Telekom AG, Europe’s biggest phone carrier, announced plans to buy back as much as €2 billion ($2.3 billion) in shares next year after third-quarter profit beat estimates.
Adjusted earnings before interest, taxes, depreciation and amortization after leases were €12.2 billion in the period, the Bonn, Germany-based company said in a statement Thursday. That compares to an average analyst estimate of €12.05 billion, according to data compiled by Bloomberg.