Deutsche Telekom to Buy Back as Much as €2 Billion in Shares
- Phone carrier will also raise its dividend to 77 euro cents
- Hoettges said it will repay investors for T-Mobile investment
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Deutsche Telekom AG laid out plans to spend as much as €2 billion ($2.1 billion) in 2024 buying back shares and raise its dividend.
The dividend will increase to 77 cents per share for the 2023 fiscal year, up from 70 cents a year earlier, the German telecommunications company said in a statement on Thursday.