Deutsche Telekom (ETR:DTE, Financial) was featured in the Invesco EQV European Equity Fund (Trades, Portfolio)'s Q3 2024 commentary as a key holding, underscoring the fund's confidence in the company's growth trajectory. The fund managers highlighted Deutsche Telekom's strategic investments in T-Mobile US and its robust performance in the telecommunications sector.
"Deutsche Telekom (DT) is a leading German telecommunications company. Its more than 50% stake in T-Mobile (not a fund holding) has in our view been an exciting growth story because T-Mobile US has benefited from solid wireless and broadband growth trends. The company’s core European business is a more mature part of the thesis but one that has been delivering consistent numbers." — Invesco EQV European Equity Fund (Trades, Portfolio), Q3 2024 Fund Letter
Read full letter at gurufocus invesco eqv european equity fund q3 2024 commentary 2024 Q3 page.
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