Deutsche Telekom Moves to Second Phase of Buyback

Dow Jones

Apr 10

By Adria Calatayud

Deutsche Telekom said it is launching the second phase of its share-buyback program, under which it plans to repurchase stock valued at up to 550 million euros ($602.2 million).

The German telecommunications company said the second part of the buyback will start Thursday and end no later than July 3. In the first tranche of the buyback, the company bought back 459.2 million euros in stock.

The buybacks are part of a 2 billion-euro repurchase program the company disclosed in October and that it plans to complete by the end of 2025.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

April 10, 2025 02:06 ET (06:06 GMT)

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