Deutsche Telekom

Deutsche Telekom AG
Aktiengesellschaft
Traded as FWB: DTE
Industry Telecommunications
Founded 1995 (1995)
(Privatization)
1996 (1996)
(Flotation)
Headquarters Bonn, Germany
Area served
 Worldwide
Key people
 Timotheus Höttges
(CEO and Chairman)
Ulrich Lehner
(Chairman of the Supervisory board)
Products Fixed-line
Mobile phone
Broadband,
Digital television
Digital Media
IT Services
Networking Solutions
Revenue Increase €73.09 billion (2016)[1]
Increase €9.16 billion (2016)[1]
Profit Increase €2.67 billion (2016)[1]
Total assets Increase €148.4 billion (2016)[1]
Total equity Increase €29.3 billion (2016)[1]
Owner Free Float (68.0%)[2]
Federal Republic of Germany (32.0%)
Number of employees
 216,548 (2016)[1]
Subsidiaries
Website www.telekom.com
Footnotes / references
[3]

Deutsche Telekom AG ( listen ) (short form in writing only: 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 August 2017, the German government holds a 14.3% stake in company stock directly, and another 17.5% 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 telecom 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, 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 economies of scale.[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 world locations

Deutsche Telekom also holds substantial shares in other telecom companies, including Central European subsidiaries Slovak Telekom (Slovakia), Magyar Telekom (Hungary). Furthermore, Magyar Telekom holds majority shares in Makedonski Telekom (Macedonia), and Hrvatski Telekom (Croatia) holds majority shares in Crnogorski Telekom (Montenegro).

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 and the IT&C retailer Germanos. Deutsche Telekom also operates a wholesale division named International Carrier Sales & Solutions (ICSS) that provides white label voice and data solutions to large carriers including T-Mobile.[18][19]

References

  1. 1 2 3 4 5 6 "Annual Report 2015". Deutsche Telekom. Retrieved 2016-08-22.
  2. ↑ "The 2015 Financial Year". Deutsche Telekom. Retrieved 22 August 2016.
  3. ↑ http://www.annualreport.telekom.com/gb10/backstage_04/picpool/gfx_en/051_large.jpg Deutsche Telekom Organizational Structure
  4. ↑ Frankfurt Stock Exchange Archived November 19, 2015, at the Wayback Machine.
  5. ↑ Rüdiger, Ariane. "Die Geschichte der Deutschen Telekom (german)". PC Welt, Germany. Retrieved 16 December 2012.
  6. ↑ Matthews, Christopher (2 February 2012). "The 11 Largest IPOs in U.S. History". Time Inc. Retrieved 16 December 2012.
  7. 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.
  8. ↑ "Deutsche Telekom becomes Official Partner of 2006 FIFA World Cup Germany™". fifa.com. 6 December 2001. Retrieved 30 September 2015.
  9. ↑ "BBC News - T-Mobile and Orange in UK merger". Retrieved 30 November 2016.
  10. ↑ "Home - BuyIn". Retrieved 30 November 2016.
  11. ↑ "Deutsche Telekom to merge U.S. ops with MetroPCS". The Verge. Retrieved 26 July 2013.
  12. ↑ Reuters (9 February 2014). "Deutsche Telekom buys remainder of T-Mobile Czech unit". Reuters.
  13. ↑ "BT in talks to buy mobile phone operator EE for £12.5bn". The Guardian. 16 December 2014. Retrieved 16 December 2014.
  14. ↑ Neville, Simon (5 February 2015). "BT returns to mobile phones with £12.5bn takeover of EE". The Independent. London.
  15. ↑ "BT to buy mobile firm EE for £12.5bn". bbc.co.uk. BBC. 5 February 2015. Retrieved 5 February 2015.
  16. ↑ "BT takeover of EE gets final Competition and Markets Authority clearance". BBC News. 15 January 2016. Retrieved 29 January 2016.
  17. ↑ "BT Group PLC Completion of the acquisition of EE Limited". 4-traders. 29 January 2016. Retrieved 29 January 2016.
  18. ↑ http://www.telekom-icss.com/factsandfigures
  19. ↑ https://finance.yahoo.com/news/deutsche-telekom-icss-big-win-143300112.html

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