Deutsche Telekom Pumps German Tax Break Into Fiber Rollout

Deutsche Telekom AG plans to invest the proceeds of a new German investment tax break into its fiber rollout across the country, the company said as it released third-quarter earnings Thursday.

The world’s largest telecom provider by revenue enjoyed a tax break from an accelerated depreciation benefit introduced by the German government in July.

The benefit allows businesses to offset 30% of the acquisition costs for machinery, equipment, or vehicles in the year they acquire the asset, and a further 30% of the remaining value in the second and third year. This differs from the standard calculation of depreciation, ...