DT FY25 spend: capex lid kept tight amid macro and market murk

Richard Agnew2026-04-15T17:23:00

Source: Freepik / user 6702303

Group evidently remains micro-focused on cost efficiency across opex and capex, with continued belief in potential of AI and caution on fibre spend.

This article includes:

Organisations: Deutsche Glasfaser; Deutsche Telekom; FTTH Council Europe; Orange; Telefónica; Telekom Deutschland (TDE).
Geographies: Europe; France; Germany; North America; Spain; United States of America (USA).
People: Rodrigo Diehl; Tim Höttges; Christian Illek.
Themes: Acquisitions; Artificial intelligence (AI); Broadband; Capital expenditure (capex); Copper shutdown; Cost efficiency; Digitalisation; Efficiencies; Fibre (FTTP); Fibre buildout; Financial constraints; Management strategy; Network restructuring; Operating expenditure (opex); Service revenue; Spectrum investment; Tax changes; Technology; Workforce transformation.

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