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      Deutsche Telekomwatch Analyst Report #149 - November - December 2025
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Latest Strategy News

tfw200_ere1_RA

Telefónica firms up plan for 5,500 Spanish job cuts

2025-12-23T09:06:00+00:00

Group says it has secured a financially and strategically important deal with unions on large-scale redundancies in Spain, after initiating negotiations in November. Agreement looks set to shift Telefónica about a quarter of the way to headline spend reduction goal outlined under new Transform & Grow strategic plan.

dtw151_germany-fibre

Telekom Deutschland clears 2025 fibre in-tray ahead of Christmas break

2025-12-22T12:52:00+00:00

German incumbent says it has now met headline end-2025 goal of adding 2.5 million homes and businesses to its FTTH footprint, giving it a useful (but partial) win in escalating battle with rivals over fibre sign-ups…

tfw199-prosegur

Prosegur ‘super-open’ to expansion of Telefónica home security ties

2025-12-22T07:59:00+00:00

Senior execs at Telefónica’s digital alarms partner talk up success of their six-year-old joint venture, and lay out plans for the next five. With cash flow now positive, they see the business as set to enter a new, self-sustaining phase of growth.

See all the latest telco strategy news >>

Strategy & Change

infra-inca netomnia mvno

UK’s Netomnia targets ISP giants with YouMobile MVNO

Fibre altnet and wannabe convergence player set to launch mobile by the end of the year, piggybacking on the VodafoneThree network. CFO Wil Wadsworth and CEO Jeremy Chelot have sights set on the UK’s FMC establishment…

  • Telefónica doing the maths on 1&1 tie-up: report

  • Unions want input into Telefónica’s strategic reorg

  • From upstart to fibre-mobile powerhouse: Netomnia CEO plots BT take-down

  • Grain skewers wholesale model as altnets ponder consolidation

See all strategy news >>

Financial & Performance

dtw149_q3-fy25-mu-indepth

In-depth: German headwinds grab the headlines

Q3 FY25: T-Mobile US, Europe, and T-Systems continue to perform strongly, but German slowdown yet to be addressed.

  • Guidance: jitters fail to jolt

  • Guidance: H1 pace allows for H2 slowdown as Vodafone moves into cleaner air

  • Spend: capex down, opex up as Vodafone reaches ‘appropriate’ scale

  • In-depth: defiant Vodafone CEO eyes European rebound

See all financial news >>

Deals & M&A

tfw199_vivo-security-buy

Brazil’s Vivo buys back cybersecurity unit from Telefónica

Operating business takes back control of assets held under Telefónica Tech’s national cybersecurity unit as it preps to accelerate expansion in digital B2B services under Telefónica Group’s revamped strategy…

  • Orange buys out Spanish private equity partners in €4.25bn deal

  • DT makes rare fibre M&A move with purchase of Essen estate

  • Investor Arcus eyes digital infra opportunities with latest €3bn fund

  • SoftBank ‘in talks’ to expand infra portfolio with DigitalBridge buy

See all deals and M&A news >>

Public Affairs

vfw242-tt-emeaiw_maziv-completionxdietlof-mare

Vodacom clears final hurdle to get Maziv fibre JV over the line

South African telecoms authority greenlights the creation of Vodacom’s fibre joint venture with CIVH. Having overcome the final obstacle on Maziv’s journey to launch, CEO Dietlof Mare is aiming to have the business “operating at full speed” by April 2026…

  • UK telcos to face mass lawsuit over alleged overcharging

  • Clearing the Eir: Irish operators criticise ‘excessively lax’ access rules

  • India considers Vi reprieve to promote UK trade, foster relations — report

  • Telefónica said to mull Spain job cuts ahead of Murtra’s strategy reset

See all public affairs news >>

Operations

dtw143-tt-magenta-exchange

Magenta Exchange: T-Mobile and DT seek to dial up exec connections

Telcos’ HR chiefs Birgit Bohle and Deeanne King devise plan to bring US and European sides of Deutsche Telekom’s business closer together.

  • 25 years in the making: Celfocus primed for telco AI era

  • BT electrifies fleet, charges on with EV infra transition

  • Vivo strikes deal in Brazil’s fixed-line regulatory reform

  • Magyar Telekom boosts DT’s European IT stack meld

See all operations news >>

Venturing & Investments

dtw148_tcapital-n8n-investment

T.Capital adds n8n to growing AI investment portfolio

Deutsche Telekom’s corporate venturing arm backs $180m Series-C round for AI workflow automation scaleup, continuing a streak of investments in AI-focused startups…

  • DT’s venture capital unit backs security player Filigran

  • DT adds security and AI scaleups to investment stable

  • T-Mobile joins Bezos in backing ‘$39bn’ robots biz Figure AI

  • Vivo moves to expand in fintech with Asaas investment

See all venturing news >>

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