Deutsche Telekom Reshuffles Leadership as Buyback Rolls On and Bernstein Steps Back - ad-hoc-news.de
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Deutsche Telekom is entering the final stretch of the year with a fresh management lineup, an active share repurchase program, and a more cautious reception on the trading floor. The Bonn-based carrier confirmed that Mladen Mitic has taken over as Chief Product & Digital Officer, part of a leadership overhaul first flagged on September 2. Jan Hofmeyr is set to join the board as the executive responsible for product and technology on November 1, a pairing that aligns technical infrastructure more tightly with digital customer offerings. Infrastructure spending remains a pillar of the group's strategy. During August, the company switched on 115 new mobile sites and upgraded capacity at 401 existing locations. On the fixed-line side, 222,000 fiber connections were added over the same month, lifting the total reach to 14.1 million households and businesses able to access speeds of up to 2,000 Mbit/s. The build-out extends beyond organic expansion. Through an asset deal, Deutsche Telekom secured the fiber network of ruhrfibre Essen and Metrofibre, covering roughly 87,000 households, with integration planned once the transaction closes. Capital returns have proceeded at a steady clip. Between September 21 and September 25, the group repurchased 3,292,319 of its own shares. Since the program began on August 10, the cumulative total has reached 17,298,084 shares, steadily trimming...
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