** Shares of Deutsche Telekom DTEGn.DE are up around 2% in early Frankfurt trade after its U.S. subsidiary T-Mobile TMUS.O posted "strong" second-quarter results

** "Really strong set of numbers should also give DTE some tailwind," a local trader writes

** T-Mobile on Wednesday raised its annual forecast for postpaid net customer additions and added more wireless subscribers than expected in the second quarter

** T-Mobile shares were up 5% in extended trading

** "Last night's impressive Q2 TMUS results should reassure and support a partial rebound," J.P.Morgan analysts write in a note

** They note that both Deutsche Telekom and T-Mobile shares are down 14% from March all-time highs, though both are up 8% YTD

(Reporting by Marleen Kaesebier)

((marleen.kaesebier@thomsonreuters.com))