Deutsche Telekom
Note: This is a daily stock update and the information stands true as of 09/09/25, 09:00 CET.
Company Update:
Expert Opinion:
Our analyst is quite bullish on Deutsche Telekom. Our expert is slightly more cautious. Yes the value proposition of Starlink is intrinsically different from traditional mobile operators but that deal is likely to actually bridge part of that gap. In any case, it cannot be good for T Mobile, which had a terrific run over the last couple of years. In terms of valuation, Deutsche Telekom stands in the middle of our coverage universe with PE25 and 26 at 15.2x and 13.1x. For the short time, our expert still sees more upside in a recovery story like Vodafone.
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Company Update:
Yesterday US mobile operators (Including Deutsche Tel owned T Mobile) fell sharply after the announcement of a deal between Starlink and Echostar. Starlink bought some mobile spectrum from Echostar for $17bn, paid in cash (50%) and in Starlink shares.
We see the drop in T-Mobile and the subsequent impact on Deutsche Telekom as excessive. Boost Mobile (Echostar) has only 7.5m customers (the 4th mobile operator in the US) compared to 145m for Verizon, 130m for TMUs and 120m for AT&T and while this deal will help them deleverage and provide financial means for more marketing, we don't see that as a game changer for the US mobile market. Likewise, even though this deal will undeniably strengthen the value proposition of Starlink's offer, it still remains quite different from traditional mobile players and not directly in direct competition.
We therefore believe the drop in share price of Deutsche Telekom is excessive and constitutes an opportunity to buy the share.
Our analyst is quite bullish on Deutsche Telekom. Our expert is slightly more cautious. Yes the value proposition of Starlink is intrinsically different from traditional mobile operators but that deal is likely to actually bridge part of that gap. In any case, it cannot be good for T Mobile, which had a terrific run over the last couple of years. In terms of valuation, Deutsche Telekom stands in the middle of our coverage universe with PE25 and 26 at 15.2x and 13.1x. For the short time, our expert still sees more upside in a recovery story like Vodafone.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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