Deutsche Telekom's German Performance, Raised Buyback Likely to be Well-Received
Dow Jones08-06 15:55
0754 GMT - Deutsche Telekom's performance in Germany along with its buyback increase should be welcomed by the market, Berenberg analysts write in a note. The German telecommunications company lifted its full-year share buyback plan by up to 3 billion euros. This shows how the company plans to use the strong cash it is generating and suggests that a reported move to buy the remaining minority stake in T-Mobile US is less likely, they say. Additionally, DT has delivered a strong set of second-quarter results in its German segment, they add. Shares are up 5.1% at 28.86 euros.
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