Telecom
Deutsche Telekom Plans €2 Billion Buyback, AI Deployment
- Company plans to boost dividend for 2024 to 90 cents per share
- Höttges says he plans to deploy more AI into customer service
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Deutsche Telekom AG said it plans to propose a buyback program of as much as €2 billion ($2.2 billion) in 2025 and will lean on artificial intelligence to make itself more efficient over the next three years.
Europe’s largest telecommunications carrier will also propose a dividend of 90 cents per share for the 2024 financial year, up from 77 cents last year, the company said in a statement on Thursday, released ahead of the company’s capital markets day. The share repurchase program for next year follows a similar €2 billion buyback in 2024.