Strong Financial Performance: Deutsche Telekom reported a 3.7% organic service revenue growth and a 5.2% organic EBITDA growth year-to-date for Q2 2025, along with a significant 17.8% increase in free cash flow and a 6.4% rise in adjusted earnings per share. The overall guidance for group EBITDA has been raised to over €45 billion, indicating confidence in continued performance.

U.S. Market Drive: T-Mobile U.S. showed robust performance with a 9.1% acceleration in postpaid service revenues and a record-breaking net addition of 1.7 million postpaid customers in Q2. T-Mobile raised its full-year guidance for customer growth to 6.1-6.4 million net adds, reflecting strong market presence and competitive positioning amid a saturated carrier environment.

Challenges in German Broadband: The German market remains under pressure with a decline in broadband customer net additions, attributed to increased competitive intensity and promotional activities from competitors. Despite positive take-up rates for fiber (137,000 net adds), the overall market is saturated, leading to expectations of a stabilization rather than growth in the second half of the year.