*

2024 EBITDA AL target raised to around 43 bln euros

*

Q3 TV customer additions in Germany rose 50% from last

year

*

Q3 free cash flow grows 32% on the year

*

Shares up 3.9% at 1108 GMT

(Updates shares in paragraph 3, adds TV customer numbers, CFO

comment and context in paragraphs 7-9)

By Marleen Kaesebier

Nov 14 (Reuters) - Deutsche Telekom on

Thursday raised its full-year core profit guidance and reported

a slight consensus beat on the metric in the third quarter, as

strong momentum in Europe matched that of its U.S. unit T-Mobile

.

"The growth momentum continues unabated on both sides of the

Atlantic," finance chief Christian Illek said in a statement.

Telekom's shares rose nearly 4% by midday local time, the

second biggest gainer on Germany's blue-chip index.

Europe's biggest telecoms group by market value said its

quarterly adjusted earnings before interest, taxes and

amortisation after leases (EBITDA AL) rose 6.4% organically to

11.10 billion euros ($11.70 billion), beating analysts' average

forecast of 11.05 billion.

It now sees its full-year group EBITDA AL at around 43.0

billion euros, after previously forecasting it at about 42.9

billion.

T-Mobile US ( TMUS ) last month reported a broad beat across its

third-quarter figures and slightly raised its annual profit

outlook.

In its home market, Telekom's TV business added 76,000 net

new customers in the quarter, up by a half from 51,000 new users

in Q3 of last year, bolstered by a change in German regulation

and the broadcasting of the Euro 2024 soccer championships,

Illek said in a conference call.

Germany's TV broadcast market is shifting after a law change

preventing landlords from including TV services in housing

rental contracts, including in bulk in apartment blocks, came

into full effect in July.

British rival Vodafone on Tuesday reported a sharp

Q2 downturn in its German business, hit by losses of TV

customers.

Telekom also posted 32% growth in its free cash flow, a

metric closely watched by investors to help determine dividend

payouts, to 6.2 billion euros in the quarter.

During its Capital Markets Day event in October, Telekom

said it aimed to generate more than 15 billion euros in cash by

2027. Aside from dividends and investments, it said this money

could be used in other ways such as raising the stake in

T-Mobile US ( TMUS ) or buying back more shares.

($1 = 0.9484 euros)