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Deutsche Telekom raises steerage after bumper Q3 By Reuters

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© Reuters. FILE PHOTO: A girl carrying her telephone passes by the brand of German telecommunication firm “Deutsche Telekom” on the ITS World Congress 2021, a good for clever transport methods, in Hamburg, Germany, October 13, 2021. REUTERS/Fabian Bimmer

BERLIN (Reuters) -Deutsche Telekom nudged up its full-year steerage on Thursday because the U.S. greenback’s appreciation helped buoy third-quarter revenue and its T-Cellular US (NASDAQ:) enterprise added clients.

The telecoms operator reported an increase in third quarter adjusted internet revenue of 80% to 2.4 billion euros ($2.41 billion) and mentioned it deliberate to extend its dividend to 0.70 euros per share from 0.64 euros in 2021.

“We’re as soon as once more proving to be an anchor of stability in troublesome occasions,” mentioned Tim Hoettges, chairman of Deutsche Telekom (OTC:)’s administration board.

“Our companies proceed to develop. That places us able to lift not solely our steerage – for the third time this 12 months – but in addition our dividend,” he added.

In natural phrases, Telekom anticipated full-year adjusted EBITDA AL to return in at greater than 37.0 billion euros, up from earlier steerage of round 37.0 billion.

T-Cellular US recorded 1.6 million new postpaid clients within the third quarter, together with 854,000 telephone clients.

T-Cellular US now expects to unlock synergies from its merger with Dash of $5.7-5.8 billion this 12 months, up from earlier steerage of $5.4-5.6 billion, Telekom mentioned.

($1 = 0.9972 euros)

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