Deutsche Telekom raises 2026 outlook on T-Mobile gains

The German operator increased its adjusted EBITDAaL forecast to 47.5 billion euros for 2026 as it explores a potential merger with its U.S. subsidiary. The company is also expanding partnerships with Nvidia and Rheinmetall to develop AI cloud centers and defense infrastructure.

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DEUTSCHE TELEKOM AG-REG raised its 2026 EBITDAaL guidance to 47.5 billion euros ($55.7 billion) on Wednesday morning. The 100 million euro increase follows stronger guidance from its subsidiary T-MOBILE US INC in April. Investors are weighing the upgrade against potential regulatory friction in a $300 billion transatlantic merger.

Transatlantic Merger Prospects

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