Latest news with #TimHoettges
The Star
4 days ago
- Business
- The Star
Deutsche Telekom partnering with Nvida, Brookfield on AI data centre -CEO
(Reuters) -Deutsche Telekom is partnering with Nvidia and Canadian private equity fund Brookfield in a bid to build one of the EU's AI "gigafactories" in North Rhine-Westphalia, Germany, its chief executive said on Thursday. "We have partnerships with Brookfield and also with Nvidia – these are our big partners for this gigabit factory," CEO Tim Hoettges said in a call with reporters following the company's second quarter results. Although discussions with North Rhine-Westphalia about building the data processing center in the state are ongoing, a final decision has yet to be made. "This is where we currently see our factory. But, of course, that could still change during the selection process," Hoettges said, adding that the company would proceed as quickly as possible once a decision is reached. The company is looking at existing production sites where electricity and water regulatory approvals are already in place, Hoettges said. "Discussions are happening here, for example with RWE," he said. In May, the Bonn-based company said it had teamed up with SAP, web hosting firm Ionos, and unlisted retailer Schwarz, but in June it was reported the companies would submit separate EU bids instead. Hoettges dismissed media reports that it had been in talks to join such a consortium. "It's a good thing that there is competition in Germany," he said. (Reporting by Marleen Kaesebier and Maria Rugamer in Gdansk; Editing by Matt Scuffham)
Yahoo
4 days ago
- Business
- Yahoo
Deutsche Telekom partnering with Nvida, Brookfield on AI data centre -CEO
(Reuters) -Deutsche Telekom is partnering with Nvidia and Canadian private equity fund Brookfield in a bid to build one of the EU's AI "gigafactories" in North Rhine-Westphalia, Germany, its chief executive said on Thursday. "We have partnerships with Brookfield and also with Nvidia – these are our big partners for this gigabit factory," CEO Tim Hoettges said in a call with reporters following the company's second quarter results. Although discussions with North Rhine-Westphalia about building the data processing center in the state are ongoing, a final decision has yet to be made. "This is where we currently see our factory. But, of course, that could still change during the selection process," Hoettges said, adding that the company would proceed as quickly as possible once a decision is reached. The company is looking at existing production sites where electricity and water regulatory approvals are already in place, Hoettges said. "Discussions are happening here, for example with RWE," he said. In May, the Bonn-based company said it had teamed up with SAP, web hosting firm Ionos, and unlisted retailer Schwarz, but in June it was reported the companies would submit separate EU bids instead. Hoettges dismissed media reports that it had been in talks to join such a consortium. "It's a good thing that there is competition in Germany," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
4 days ago
- Business
- Time of India
Deutsche Telekom meets Q2 profit expectations, lifts guidance
Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll. "We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter," Chief Executive Tim Hoettges said in a statement. The group slightly raised its core profit guidance for 2025, now expecting more than 45 billion euros, adjusted from around 45 billion euros expected before. It also adjusted its free cash flow AL expectations for 2025, now expecting over 20 billion euros from around 20 billion euros. The new guidance comes after its New York listed subsidiary T-Mobile US in July raised its annual forecast for postpaid net customer additions after adding more wireless subscribers than expected in the second quarter.
Yahoo
4 days ago
- Business
- Yahoo
Deutsche Telekom meets Q2 profit expectations, lifts guidance
-Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll. "We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter," Chief Executive Tim Hoettges said in a statement. The group slightly raised its core profit guidance for 2025, now expecting more than 45 billion euros, adjusted from around 45 billion euros expected before. It also adjusted its free cash flow AL expectations for 2025, now expecting over 20 billion euros from around 20 billion euros. The new guidance comes after its New York listed subsidiary T-Mobile US in July raised its annual forecast for postpaid net customer additions after adding more wireless subscribers than expected in the second quarter. ($1 = 0.8566 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Deutsche Telekom meets Q2 profit expectations, lifts guidance
Aug 7 - Deutsche Telekom ( opens new tab reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll. "We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter," Chief Executive Tim Hoettges said in a statement. The group slightly raised its core profit guidance for 2025, now expecting more than 45 billion euros, adjusted from around 45 billion euros expected before. It also adjusted its free cash flow AL expectations for 2025, now expecting over 20 billion euros from around 20 billion euros. The new guidance comes after its New York listed subsidiary T-Mobile US (TMUS.O), opens new tab in July raised its annual forecast for postpaid net customer additions after adding more wireless subscribers than expected in the second quarter. ($1 = 0.8566 euros)
