Deutsche Telekom AG (DTEGY) Q2 2023 Earnings Call Transcript

Deutsche Telekom AG (OTCQX:DTEGY) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET

Company Participants

Hannes Wittig – Head-Investor Relations

Tim Hottges – Chief Executive Officer

Christian Illek – Chief Financial Officer

Conference Call Participants

Polo Tang – UBS

Robert Grindle – Deutsche Bank

Andrew Lee – Goldman Sachs

Ottavio Adorisio – Soc Gen

Akhil Dattani – J.P. Morgan

Emmet Kelly – Morgan Stanley

Usman Ghazi – Berenberg

James Ratzer – New Street

Hannes Wittig

Good afternoon, and welcome to Deutsche Telekom’s Second Quarter 2023 Conference Call. As you can see, with me today are our CEO, Tim Hottges; and our CFO, Christian Illek. As usual, Tim will first go through a few highlights of the year-to-date, followed by Christian, who will talk about the quarterly performance and the group financials. After this, we have time for Q&A. Before I hand over to Tim, please pay attention to our usual disclaimer, which you find in the presentation. And please also note that this conference will be recorded and uploaded to the Internet.

With that, it’s my pleasure to hand over to Tim.

Tim Hottges

Welcome, everybody. Thank you, Hannes, and welcome to our second quarter 2023 call. Maybe my highlights of today it’s strong customer growth, a solid year, and don’t worry too much about the circumstance in our industries. Our flywheel remains quite successful. We continue to deliver constant, consistent growth as we have promised, and let me highlight that here on that slide. We saw in the U.S. the highest second quarter postpaid phone net adds in eight years, and we were able to raise our outlook again. In Germany, we had record customer growth. We added 600,000 branded postpaid phone customers in the first half alone that shows the strong reception on our new tariffs.

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