Deutsche Telekom

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Deutsche Telekom AG
Aktiengesellschaft
Traded as FWB: DTE
OTCQX: DTEGY
Industry Telecommunications
Founded 1995 (Privatization)
1996 (Flotation)
Headquarters Bonn, Germany
Area served
 Worldwide
Key people
 Timotheus Höttges (CEO and Chairman of the executive board), Ulrich Lehner (Chairman of the supervisory board)
Products Fixed Telephony
Mobile Telephony
Broadband Internet
IT Services
Networking Solutions
Digital television
Revenue Increase€60.132 billion (2013)[1]
Increase €5.712 billion (2013)[1]
Profit Increase€930 million (2013)[1]
Total assets Increase€118.148 billion (2013)[1]
Total equity Increase€32.063 billion (2013)[1]
Owner Free Float (68.3%) [2]
German State (31.7%)
Number of employees
 228,588 (2014)[1]
Divisions Group Headquarters and Shared Services
Germany (fixed and mobile)
Europe (fixed and mobile)
United States (mobile)
Systems Solutions (T-Systems)
Subsidiaries EE Limited (50% stake with Orange S.A.)
T-Systems
T-Mobile International AG (holding company for T-Mobile US)
Website www.telekom.com
Footnotes / references
[3]

Deutsche Telekom AG (abbreviated DT, English: German Telecom) is a German telecommunications company headquartered in Bonn. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW. The company is a component of the Euro Stoxx 50 stock market index.[4]

History

The Deutsche Bundespost was the federal German government post office created in 1947 as a successor to the Reichspost. On 1 July 1989, as part of a post office reform, Deutsche Bundespost was split into three entities, one being Deutsche Telekom. On 1 January 1995, as part of another reform, Deutsche Bundespost Telekom became Deutsche Telekom AG, and was privatized in 1996. As such, it shares a common heritage with the other privatized Deutsche Bundespost companies, Deutsche Post (DHL) and Deutsche Postbank.[5][6]

Deutsche Telekom was the monopoly internet service provider (ISP) for the German Internet until its privatization in 1995, and the dominant ISP thereafter.[7] Until the early 21st century, Deutsche Telekom controlled almost all Internet access by individuals and small businesses in Germany, as they were one of the first German telekom units.[7]

On 6 December 2001, Deutsche Telekom became the first official partner of the 2006 FIFA World Cup.[8]

On 1 January 2005, Deutsche Telekom implemented a new company structure. The two organizational business units of T-Com and T-Online were merged into the Broadband/Fixed Network (BBFN) strategic business unit (T-Online merged with parent Deutsche Telekom in 2006). It provides around 40 million narrowband lines, over 9 million broadband lines and has 14 million registered Internet customers.

In 2008, the structure was changed again. T-Online was separated from Deutsche Telekom and merged with T-Com to form the new unit T-Home. In 2010, Orange parent France Télécom and T-Mobile parent Deutsche Telekom merged their UK operations to create the largest mobile network in Britain now known as EE.[9]

In April 2010, T-Mobile was merged with T-Home to form Telekom Deutschland GmbH. This unit now handles all products and services aimed at private customers. In October 2012, Deutsche Telekom and Orange created a 50-50% joint venture named BuyIn for regrouping their procurement operations and benefiting from scale effect.[10]

File:T-Mobile logo2.svg
T-Mobile US logo

In April 2013, T-Mobile US and MetroPCS merged their operations in the United States.[11] In February 2014, Deutsche Telekom acquired the remaining parts of its T-Mobile Czech Republic division for around €800 million. The size of the remaining stake was numbered at 40 percent.[12]

During, December 2014 it was announced that talks were being held with the BT Group on the possible acquisition of EE. And on the February 5, it was announced that BT Group will acquire EE for £12.5bn in exchange for a 12% stake in the BT Group, it is expected the deal will be completed by March 2016.[13][14]

Operations

Deutsche Telekom AG corporate headquarters, Bonn
Deutsche Telekom world locations

Deutsche Telekom also holds substantial shares in other telecom companies, including Central European subsidiaries Slovak Telekom (Slovakia), Magyar Telekom (Hungary), and T-Hrvatski Telekom (Croatia), which are now fully consolidated into T-Com/T-Home. Furthermore, Magyar Telekom holds majority shares in Makedonski Telekom (Macedonia), and Crnogorski Telekom (Montenegro) all of which have also been rebranded and included under the T-Com/T-Home umbrella. DT also holds shares in the Hellenic telecommunication operator OTE, which also have shares in several other companies like the mobile operators Telekom Albania, Telekom Romania , the IT&C retailer Germanos, and the Spanish telecommunication operator Telekom Spain, also consolidated into T branding.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ http://www.annualreport.telekom.com/gb10/backstage_04/picpool/gfx_en/051_large.jpg Deutsche Telekom Organizational Structure
  4. ↑ Frankfurt Stock Exchange
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ BBC NEWS
  10. ↑ http://www.buyin.pro
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ http://www.theguardian.com/business/2014/dec/15/bt-talks-mobile-phone-ee
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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