US Success at T-Mobile Boosts Deutsche Telekom’s Prospects

Deutsche Telekom AG, originating as part of Deutsche Bundespost, has evolved into a transcontinental giant. Its subsidiary, T-Mobile US, plays a significant role, boasting nearly double the mobile customers compared to Germany. In the recent podcast episode “Warrens Watchlist,” analyst Warren Wise scrutinizes the extent of this success benefiting Telekom’s shareholders. The company’s revenue grew by over 4% in 2025. Despite achieving strong profits in Germany, the focus remains on expanding fiber-optic networks and AI offerings.

The US market significantly contributes to Deutsche Telekom’s results. With a free cash flow of approximately EUR 19.5 billion, the company maintains a promising financial position yet faces questions about how much success translates to shareholder value. Warren Wise rates Telekom’s equity story at a promising 4 out of 5, highlighting strong but cautious optimism for future investor returns.