Deutsche Telekom Secures ECB Digital Euro Mandate as Munich AI Campus Expands to 20 Megawatts
Published on 11/11/2026 at 04:51 | Editorial boerse-global.de
Deutsche Telekom has landed a ten-year contract with the European Central Bank for core connectivity services underpinning the digital euro, pairing a fresh infrastructure win with an escalating build-out of its artificial intelligence capacity in Munich. The ECB mandate, reported by dpa-AFX on 30 October, was awarded to Deutsche Telekom alongside Nexi; Telefonica was picked as the second independent network service provider.
The award sits outside the group's core mobile business but carries strategic weight, placing the Bonn-based carrier at the center of Europe's planned central bank digital currency infrastructure. Neither the contract's financial terms nor its revenue contribution were disclosed.
AI Factory Adds a Quarter Billion Euros
Telekom confirmed it will sink just under a further quarter of a billion euros into its AI factory in Munich's Tucherpark, adding NVIDIA Blackwell Ultra systems that lift capacity to 20 megawatts. The first expansion stage is already fully booked, according to the company. Management is also weighing a possible further extension of its Bavarian engagement, though no final investment decision has been taken.
The AI spending plans were announced a day before the ECB contract surfaced, and they extend a capital program that now runs alongside a broader shareholder return package.
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Guidance Raised, Payout Sweetened
With quarterly figures released roughly a week ago, the group lifted its full-year 2026 targets: adjusted EBITDA AL is now expected at around EUR 47.6 billion, with free cash flow AL seen at approximately EUR 20.1 billion. Both figures are full-year expectations.
For the third quarter of 2026, revenue came in at EUR 31.1 billion, representing organic growth of 5.5% — a measure of underlying expansion rather than an unadjusted top-line comparison. Adjusted EBITDA AL for the quarter reached EUR 12.2 billion, an organic gain of 8.0%, according to company figures.
Shareholders were offered a dividend of EUR 1.10 per share, announced about a week ago, with buybacks of up to EUR 2 billion slated for 2027.
Deutsche Telekom at a turning point? This analysis reveals what investors need to know now.
Network Tests Deliver a Double Crown
On the network side, Telekom was named outright winner among four German operators in the IMTEST and zafaco mobile test, scoring an overall grade of "very good" (1.24). Measurements ran from 31 August to 27 September, so the accolade reflects performance during that window. It follows Friday's news that the carrier topped the nationwide Computer BILD network test — its 15th consecutive first place, according to the company, which cited particular strength in 5G speed and coverage.
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