BofA Expects Deutsche Telekom's Broadband Growth to Pick Up in H2

MT Newswires · 2d ago
01:52 AM EDT, 10/14/2026 (MT Newswires) -- BofA Global Research expects Deutsche Telekom (DTE.F) to see stronger second-half broadband growth as the German telecommunications company prepares to report third-quarter results on Nov. 5. "Topline trends remain constructive: broadband growth should accelerate in H2 as back-book pricing from April adds to fixed service revenue growth with a small improvement in net adds. Mobile service revenue should continue to track well versus the 2.0-2.5% corridor," according to a third-quarter preview report on European telcos published Tuesday. Within this context, the research firm raised its full-year 2026 group revenue and EBITDAaL estimates by 1% each to reflect foreign exchange gains from a "stronger" US dollar/euro. BofA rates the stock at buy, with an unchanged price objective of 36 euros.