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T-Mobile US CEO Mike Sievert Expected to Step Down Early, COO Srini Gopalan Poised to Succeed

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Mike Sievert, CEO of T-Mobile US — the fast-growing and profitable U.S. arm of Germany’s Deutsche Telekom — is reportedly set to leave his post before the end of his current contract, according to German newspaper Handelsblatt on Monday.

Sievert, who has led the company since 2020 and was originally expected to remain CEO until 2028, is said to want to take a break. Handelsblatt identified Chief Operating Officer Srini Gopalan, formerly head of Deutsche Telekom’s Germany business, as the leading candidate to succeed him.

The CEO transition is expected to take place sometime this year or next. A T-Mobile US spokesperson declined to comment on the reports, noting Sievert’s passion for his job and highlighting the excitement over Gopalan’s recent appointment as COO to leverage his experience in the U.S. market.

Deutsche Telekom had not yet responded to requests for comment.

Despite earlier challenges, T-Mobile US has become a key revenue and profit engine for Deutsche Telekom, prompting the parent company to raise earnings targets multiple times. However, early 2025 saw slower-than-expected customer growth amid intensified price competition. The subsidiary still targets adding between 5.5 and 6 million new customers by the end of 2025.

Sievert originally joined T-Mobile in 2012 as head of marketing before ascending to CEO.

Deutsche Telekom Beats Q1 Profit Forecast, Raises 2025 Outlook

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Deutsche Telekom reported a stronger-than-expected performance in the first quarter of 2025, with its core profit (EBITDA AL) rising to €11.3 billion, slightly above the €11.1 billion expected by analysts. The results were boosted in part by a stronger U.S. dollar and solid contributions from its American unit, T-Mobile US.

The German telecom giant also slightly raised its full-year 2025 guidance, now projecting:

  • Core profit of approximately €45 billion (up from €44.9 billion)

  • Free cash flow after leases of €20 billion (previously €19.9 billion)

CEO Tim Höttges emphasized the group’s resilience amid economic challenges, noting that free cash flow for Q1 jumped 52.4% year-on-year, beating expectations by over €1 billion.

Highlights by Region:

  • United States: Continued strength from T-Mobile US, which recently raised its own profit forecast despite lagging in wireless subscriber growth.

  • Germany: Faced pressure, losing 7,000 broadband customers amid intense competition in a slowing broadband market. Analysts suggest platforms like Check24 may be aiding competitors like Vodafone.

  • Europe (excluding Germany): Performed well, with an organic revenue increase of 3.7%, supporting the company’s overall growth momentum.

Despite the positive results, Deutsche Telekom shares were down 0.2% at 07:20 GMT. However, they remain up about 9% year-to-date, reflecting continued investor confidence in the group’s long-term strategy and international diversification.