Nov 13 (Reuters) - Deutsche Telekom lifted

its full year profit outlook and raised its dividend on Thursday

as it reported third quarter earnings in line with market

expectations.

The Germany-based telecoms giant reported third quarter

adjusted earnings before interest, taxes and amortization after

leases (EBITDA AL) of 11.1 billion euros ($13.0 billion),

broadly in line with the 11.1 billion euros expected by analysts

in a company provided poll.

The group now expects core profit of around 45.3 billion

euros for the year and free cash flow after leases of around

20.1 billion euros. It had previously guided for 45 billion

euros and more than 20 billion euros, respectively.

Telekom said its new guidance was largely due to positive

trends in the U.S. and the consolidation of UScellular, which it

purchased for $4.4 billion at the beginning of August.

T-mobile, its New York listed subsidiary, had

said in September that it expects a $400 million service revenue

boost in Q3 from the deal.

Deutsche Telekom now aims to raise its dividend from 90

cents to 1 euro per share and is planning share buy-backs of up

to 2 billion euros for 2026.

The company's quarterly reported net profit however fell by

17.9% year-on-year to 2.43 billion euros. In the first nine

months of 2025, DT laid off 4.4 percent of employees in its home

market of Germany.

($1 = 0.8575 euros)