Telecom German Community

Over the next five years (FY 2025–2029), Deutsche Telekom will leverage its transatlantic scale, AI-driven automation and continued 5G/fibre roll-out to deliver mid-single-digit top-line growth, expanding margins, double-digit EPS gains—and trade at a stable mid-teens P/E. Revenue CAGR ≈ 3.4 % At its October 2024 Capital Markets Day, management guided to net-revenue growth of ~4 % p.a. through 2027; consensus extends this to 2029, implying a rise from €115.8 b to €136.5 b—≈ 3.4 % CAGR .

Key Takeaways Larger competitors bundling unified communications threaten NFON's growth, profitability, and ability to differentiate its cloud PBX offerings. Reliance on a narrow product focus and limited geographic footprint exposes the company to revenue risk amid shifting technological and regulatory landscapes.

Key Takeaways Heavy investment in networks and successful customer migration aim to boost future margins, reduce reliance on partners, and improve cost structure and earnings stability. Strong performance in cloud, hosting, and business applications segments supports a larger, more stable revenue base and opportunities for value creation through portfolio optimization.

Key Takeaways NFON's strengthened leadership and AI-driven initiatives are anticipated to enhance innovation, sales strategies, and profitability. Strategic acquisitions and operational focus are expected to improve efficiencies, margins, and revenue growth in core markets and customer segments.

Key Takeaways Service revenue growth is expected from customer migration and network control, improving future revenue and subscriber stability. Cost reductions from virtual RAN network and RAN sharing aim to enhance cash flow and net margins, boosting long-term profitability.

Key Takeaways Long-term contracts and strong marketing enhance revenue stability, improve net margins, and boost brand recognition and market share. Integration of personalized shopping and waipu.tv's growth increase sales efficiency, EBITDA, and cash flow, while cost discipline improves financial resilience.

Key Takeaways Increased regulatory pressure and high compliance costs threaten profit margins and limit future expansion plans. Competitive and technology shifts favor larger players, putting downward pressure on revenue and weakening 1&1's market position.

Key Takeaways Unique network architecture and digital ecosystem position the company for sector-leading efficiency, premium pricing, and outsized revenue and margin growth versus competitors. Service innovation, bundled offerings, and rapid adoption of emerging trends drive higher customer value, lower churn, and multiple potential new high-margin revenue streams.

Key Takeaways Deutsche Telekom's investments in fiber and T-Mobile US stake can drive future revenue growth and earnings improvements. Strategic focus on AI and ESG efforts may enhance operational efficiencies and net margins.