(Bloomberg) — Deutsche Telekom AG (DTE.DE, DTEGY) said it plans to propose a buyback program of as much as €2 billion ($2.2 billion) in 2025 and will lean on artificial intelligence to make itself more efficient over the next three years.

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Europe’s largest telecommunications carrier will also propose a dividend of 90 cents per share for the 2024 financial year, up from 77 cents last year, the company said in a statement on Thursday, released ahead of the company’s capital markets day. The share repurchase program for next year follows a similar €2 billion buyback in 2024.

Deutsche Telekom is outperforming its peers in Europe, buoyed by subscriber growth at T-Mobile US Inc. (TMUS) where the company has a majority stake. That stake has given the company the financial flexibility to deploy higher shareholder returns than many of its peers, and the company said it will use extra cash to continue increasing its stake in the US-based phone carrier or to buy back shares.

“In recent years, our strategy has made us the undisputed number one in Europe,” Chief Executive Officer Tim Höttges said in a statement. “We have achieved or even exceeded nearly all of our targets and are now worth more than all our peers on our domestic continent combined.”

Höttges said the carrier plans to deploy more artificial intelligence tools into its customer service operations and reduce call volumes with self-service programs on an app or an AI-supported messenger service.

The company said annual service revenue growth is expected to average about 4% through 2027. Organic service revenues grew 3.6% in 2023.

Adjusted earnings before interest, taxes, depreciation, amortization and after leases is set to grow by an average of 4% to 6% per year during the period, the company said. Deutsche Telekom had forecast adjusted Ebitdaal growth of about 6% for this year.

Deutsche Telekom shares rose 0.6% to €26.75 in Frankfurt trading on Wednesday. They have climbed about 23% so far this year.

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