|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.43 - 19.57|
|52 Week Range||16.32 - 22.23|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||15.18|
|Forward Dividend & Yield||0.69 (3.64%)|
|Ex-Dividend Date||Apr 08, 2022|
|1y Target Est||22.65|
German telecommunications giant Deutsche Telekom reiterated plans to build its stake in T-Mobile US Inc. and said it is nearing majority ownership of the U.S.’s second-largest wireless carrier by customers. Deutsche Telekom has been looking to retake a majority stake in T-Mobile since the unit’s 2020 merger with Sprint, which SoftBank Group Corp previously controlled. The German company already has majority voting power in the U.S. wireless carrier.
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Deutsche Telekom on Thursday raised its annual earnings forecast for the second time after beating quarterly estimates, and said it could achieve its goal of a majority stake in U.S. unit T-Mobile much sooner than 2024. The company has said it wants to own a majority of T-Mobile, which led much of the group's subscriber growth in the second quarter, over the medium term. Deutsche Telekom now expects to post adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of around 37 billion euros ($38 billion) in 2022, up from previous guidance of more than 36.6 billion euros.