Deutsche Telekom boosts buyback to €5bn; CFO Illek to resign
Deutsche Telekom AG boosted its buyback to €5bn, citing low valuation amid ongoing T—Mobile merger talks. CFO Christian Illek is set to resign in April as Dhananjay Mirchandani and Jan Hofmeyr join the board for Product and Technology.
Deutsche Telekom AG boosted its share buyback to €5bn as it moves to unlock value amid a low valuation and ongoing T—Mobile merger talks. The company also said CFO Christian Illek will resign in April, with Dhananjay Mirchandani to replace him, and Jan Hofmeyr joining the board for Product and Technology.