Deutsche Telekom
 | |
| 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 |
 €60.132 billion (2013)[1] |
|
€5.712 billion (2013)[1] | |
| Profit |
€930 million (2013)[1] |
| Total assets |
€118.148 billion (2013)[1] |
| Total equity |
€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 |
T-Systems T-Mobile International AG (holding company for T-Mobile US) |
| Website |
www |
|
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 to form 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]
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]
In December 2014, it was announced that Deutsche Telekom were in talks with BT Group on the acquisition of EE, and part of the deal was to provide Deutsche Telekom a 12% stake and a seat on the board in the BT Group upon completion.[13][14] BT Group announced agreement in February 2015 to acquire EE for £12.5 billion[15] and received regulatory approval from the Competition and Markets Authority on 15 January 2016.[16] The transaction was completed on 29 January 2016.[17]
Operations
Deutsche Telekom also holds substantial shares in other telecom companies, including Central European subsidiaries T-Mobile (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 2 3 4 5 6 "Annual Report 2012". Deutsche Telekom. Retrieved 2013-08-11.
- ↑ "Shareholder structure". Deutsche Telekom. Retrieved 31 March 2015.
- ↑ http://www.annualreport.telekom.com/gb10/backstage_04/picpool/gfx_en/051_large.jpg Deutsche Telekom Organizational Structure
- ↑ Frankfurt Stock Exchange
- ↑ Rüdiger, Ariane. "Die Geschichte der Deutschen Telekom (german)". PC Welt, Germany. Retrieved 16 December 2012.
- ↑ Matthews, Christopher (2 February 2012). "The 11 Largest IPOs in U.S. History". Time Inc. Retrieved 16 December 2012.
- 1 2 Waesche, Niko Marcel (2003). Internet Entrepreneurship in Europe: Venture Failure and the Timing of Telecommunications Reform. Edward Elgar Publishing. pp. 162–164. ISBN 978-1-84376-135-8.
- ↑ "Deutsche Telekom becomes Official Partner of 2006 FIFA World Cup Germany™". fifa.com. 6 December 2001. Retrieved 30 September 2015.
- ↑ BBC NEWS
- ↑ http://www.buyin.pro
- ↑ "Deutsche Telekom to merge U.S. ops with MetroPCS". The Verge. Retrieved 26 July 2013.
- ↑ Reuters (9 February 2014). "Deutsche Telekom buys remainder of T-Mobile Czech unit". Reuters.
- ↑ "BT in talks to buy mobile phone operator EE for £12.5bn". The Guardian. 16 December 2014. Retrieved 16 December 2014.
- ↑ Neville, Simon (5 February 2015). "BT returns to mobile phones with £12.5bn takeover of EE". The Independent (London).
- ↑ "BT to buy mobile firm EE for £12.5bn". bbc.co.uk (BBC). 5 February 2015. Retrieved 5 February 2015.
- ↑ "BT takeover of EE gets final Competition and Markets Authority clearance". BBC News. 15 January 2016. Retrieved 29 January 2016.
- ↑ "BT Group PLC Completion of the acquisition of EE Limited". 4-traders. 29 January 2016. Retrieved 29 January 2016.
External links
Media related to Deutsche Telekom at Wikimedia Commons
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