T-Mobile US Shifts 300,000 CPU Cores as Deutsche Telekom Insider Rushes to Buy Stock Near 52-Week Low
Published on 07/05/2026 at 16:45 | Redaktion boerse-global.de
A board member of Deutsche Telekom has placed a personal bet of roughly €73,000 on the company’s recovery, buying 3,000 shares just days after the stock scraped a 52-week trough of €23.54. Rodrigo Francisco Diehl picked up 2,000 equities on 29 June at €24.64 and followed with another 1,000 the next day at €24.15, a move widely interpreted as a vote of confidence in the Bonn-based group’s valuation. The insider purchases came as Deutsche Telekom launched the third phase of its share repurchase programme, a €560 million tranche that kicked off on 1 July and will run through the end of September via Xetra.
The overall buyback, which started in November 2025 and has a total envelope of €2 billion, is already well advanced. During the first two stages the group bought back 35 million shares for roughly €1 billion – 15.6 million shares for around €471 million in phase one and another 19.4 million for circa €543 million between April and June. Most of the repurchased stock is set to be cancelled to lift earnings per share. The third tranche alone could absorb up to 23.5 million shares.
Despite the buyback and insider buying, the share price remains under pressure. After touching its 52-week nadir in late June, the stock closed last Friday at €25.20. That represents a weekly drop of 4.22%, a monthly decline of 10.16% and a year-to-date loss of 9.58%. On a 12-month view the equity has surrendered 18.76% and sits 26.64% below its February high of €34.35. The 14-day relative strength index rests at 36.9, edging into oversold territory, while annualised volatility has widened to 28.92%. Technically, the stock is trading 12.43% under its 200-day moving average of €28.78 and 8.49% below the 50-day line.
Should investors sell immediately? Or is it worth buying Deutsche Telekom?
Analysts remain cautiously optimistic. Barclays lowered its price target to €36.50 on 1 July, maintaining an “Overweight” rating, while UBS reaffirmed its stance two days later. The average analyst price target based on June forecasts stands at €36.60, well above current levels. Yet headwinds are accumulating. Barclays flagged rising competitive pressure from satellite broadband services such as Starlink, and ongoing European Union discussions about harmonising 5G and 6G frequency auctions add another layer of regulatory uncertainty.
The biggest near-term operational challenge, however, is playing out at the US subsidiary T-Mobile US. The mobile operator is set to switch off its 2G network on 3 August 2026, freeing up spectrum for 5G and 6G. At the same time, a legal dispute with Broadcom over VMware licensing fees has forced T-Mobile US to relocate more than 300,000 CPU cores and over 1,000 applications to alternative platforms. A court injunction secures Broadcom support only until early August, so the subsidiary is racing to complete the migration and reduce dependency on the existing licensing model.
All eyes now turn to 6 August, when Deutsche Telekom reports second-quarter and first-half results. The market will scrutinise progress toward its free cash flow target of roughly €19.8 billion by year-end 2026. Meanwhile, the group has named Dr. Uwe Heckert as the new chief executive of its consulting arm Detecon. With the buyback programme still running until the end of the year and the insider purchases providing a symbolic floor, the coming weeks will test whether operational fixes at T-Mobile US can match the financial firepower Bonn is deploying in its own stock.
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