“Record year” for Deutsche Telekom as German market booms

News Deutsche Telekom has published its 2024 financial results, reporting a strong performance that exceeded expectations and setting ambitious targets for this financial year The company’s total revenue grew by 3.4% to €115.8 billion, while service revenues saw a 3.9% increase to €96.5 billion. Adjusted EBITDA rose by 6.2% to €43 billion, and free cash flow climbed by 18.7% to €19.2 billion, reflecting the company’s strong operational performance. CEO Tim Höttges described 2024 as “another record year” for the company. “We are growing across all business areas. Our flywheel, at the centre of our strategy, is spinning and generating the momentum we need to keep building on the successes of 2024 in 2025,” he said in a press release . The company anticipates adjusted EBITDA to reach approximately €44.9 billion in 2025, with free cash flow expected to grow to around €19.9 billion. Shareholders are set to benefit from this strong performance, with Deutsche Telekom proposing a record dividend of €0.90 per share, the highest in its history, pending approval. The company’s performance was bolstered by strong growth in key markets. In Germany, the company experienced increased adoption of its fibre network, with 472,000 new customers added in the previous year, bringing the total customer base to 1.5 million.. Mobile revenue also increased in Q4 by 2.1% year-on-year. T-Mobile US also contributed significantly, adding 6.1 million postpaid customers and increasing service revenues by 4.5% to $66.1 billion. In related news, Deutsche Telekom this week announced a partnership with Google Cloud to develop an AI-powered network agent to boost Radio Access Network (RAN) operations. Built using Gemini 2.0 in Google Cloud’s Vertex AI, the AI agent analyses network behaviour, detects performance issues, and takes corrective actions to improve reliability and reduce costs. “Traditional approaches to network management are no longer sufficient to meet the demands of 5G and beyond,” said Abdu Mudesir, Group CTO of DT in a press release . The RAN Guardian, tested by Deutsche Telekom, uses AI to detect issues and implement self-healing measures to optimise performance, to be able to manage real time network challenges. The agent will be presented at next week’s Mobile World Congress in Barcelona. Keep up to date with the latest international telecoms news direct to your inbox with our newsletter Also in the news: AIS’s 5G speed boost service hits 180,000 users, points to new growth model Telefónica sells Argentinian unit to Telecom Argentina for $1.25 bn EU approves €227 million for Austrian semiconductor plant