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Deutsche Telekom Boosts Buyback, Raises Cash Flow Guidance

Wall Street Journal US Business •
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Deutsche Telekom raised its full-year share buyback program by up to 3 billion euros ($3.47 billion) and lifted guidance for a key metric after posting higher revenue in the second quarter. Revenue was boosted by growth across all its units, including Germany, the U.S. and Europe.

The German telecommunications company now expects free cash flow after leases of around 20.0 billion euros, up from more than 19.8 billion euros previously. The increase reflects the adjustment announced by T-Mobile US, it said Thursday.

The group still anticipates adjusted earnings before interest, taxes, depreciation and amortization after leases of around 47.5 billion euros and adjusted earnings per share at around 2.20 euros.