Deutsche Telekom is targeting 4% annual growth in service revenues between 2023 and 207, compared with estimated 3.6% growth between 2020 and 2024. It is also aiming for a return on capital employed (ROCE) of 9% (after tax) in 2027 compared with 9% in 2023 and 4.5% in 2022, as it looks to raise free cash flow to 21 billion euros in 2027 from approximately 19 billion euros in 2024.
Between 2020 to 2027, Telecom Deutschland is aiming to double its ROCE and "move from hardly any fiber to close to 40% of the country being fiberised," said Srinivasan Gopalan, member of the management board, responsible for Germany.
The telco is also looking to increase its share of the German TV market from 13% today to 20% in 2027. "Magenta TV, with the plethora of streaming services, customers are looking for a simple aggregator. Magenta TV has filled that need, which is why it's one of our fastest-growing categories right now," added Gopalan, while Wolfgang Metze, managing director of private customers, described TV as "an important piece in our strategy and key to emotionalize our best infrastructures."
Elsewhere in Europe, Deutsche Telekom is looking to scale its "instant payment solution, Payzy, which is already on the market in Greece for two years," to other European countries, noted Yvette Dominique Leroy, member of the management board, responsible for Europe. "Based on our market research and customer feedback, insurance is really something which they naturally would like to get as a service from us," she added. "The last piece here is personally my favourite is the Wi-Fi Sensing, whereas we actually try, with the help of team, to bring a product to the market where we can actually give further peace of mind of our customers when it comes to home security and also taking care of their elderly member of the families." Source: Deutsche Telekom Capital Markets day
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