T-Mobile US Management Reshuffle and Price Hikes Give Deutsche Telekom a 3.4% Boost; JPMorgan Sees F - ad-hoc-news.de
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Deutsche Telekom shares jumped 3.4% on Friday to close at €26.15, their sharpest single-day gain in weeks, as investors digested a sweeping leadership overhaul at its US subsidiary T-Mobile and a move to raise tariffs for legacy customers. The rally trimmed some of the stock's recent losses, though the equity still trades 8.18% lower on a monthly basis and has dropped 6.17% since the start of the year. The catalyst came from two parallel developments at T-Mobile US. The company is reshaping its executive suite effective July 7, with several top managers moving into new roles. Mike Katz steps down as Chief Business and Product Officer on July 8 but will remain as a strategic adviser through December. Chris Sambar, who left AT&T in October 2024 after 22 years and later joined storage firm Public Storage, will take over as Chief Enterprise Officer by October 14, overseeing small and medium business, corporate, and public sector clients. Additionally, André Almeida becomes Chief Marketing, Brand and Broadband Officer, while CTO John Saw adds product development and cybersecurity to his responsibilities. On the pricing front, T-Mobile US is migrating customers on older plans to modern 5G tariffs, a shift that typically raises monthly bills. The operator also scrapped the "KickBack" discount, another lever to lift average revenue per user. Analysts view the combination of fresh...
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