Chief executive Tim Höttges describes participation in the European tender as an option. Operationally, adjusted EBITDA after leases rose to 11.82 billion euros in the second quarter and the full-year guidance stands.
Deutsche Telekom is considering participation in a European tender for an AI gigafactory with a volume of ten billion euros. Chief executive Tim Höttges explicitly calls it an option; no decision has been taken.
Financially the group has room: adjusted EBITDA after leases rose to 11.82 billion euros in the second quarter, up from 11.0 billion a year earlier, with revenue at 29.93 billion euros. Net profit fell from 2.615 to 2.45 billion euros. Full-year guidance of around 47.5 billion euros adjusted EBITDA after leases is unchanged.
The nature of the investment differs from classic network build-out. AI data centres depend on load profiles, power and cooling budgets, accelerator availability and the timing of new workloads. Long-term capital commitment meets model requirements that cannot be forecast reliably.
What this means for decision-makers
- If you plan to buy AI capacity in Europe, watch this tender: it will help determine who supplies European compute in two years.
- Do not mistake statements of intent for capacity – plan your own projects around vendors available today.
- When evaluating sovereign AI offers, ask where processing happens, not only where data is stored.
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