Principal subsidiaries The Group’s principal subsidiaries are presented in the following table: (XLS:) Download Name and registered office Deutsche Telekom share% Net revenuec millions of € Profit (loss) from operationsc millions of € Shareholders’ equityc millions of € Average number of employees Segment allocation a Consolidated subgroup. b Indirect shareholding of Deutsche Telekom AG. c IFRS figures of the respective subgroup. In accordance with § 313 HGB, the full statement of investment holdings, which forms part of the notes to the consolidated financial statements, is published in the Federal Gazette (Bundesanzeiger) together with the consolidated financial statements. It is available upon request from Deutsche Telekom AG, Bonn, Investor Relations, and on Deutsche Telekom’s website (www.telekom.com) under Investor Relations. Furthermore, the statement of investment holdings includes a full list of all subsidiaries that exercise simplification options in accordance with § 264 (3) HGB or disclosure simplification options in accordance with § 264 b HGB. Telekom Deutschland GmbH, Bonn, Germany Dec. 31, 2018/2018 100.00 21,342 4,692 6,423 4,121 Germany Dec. 31, 2017/2017 100.00 21,577 4,787 4,714 7,396 T-Mobile US, Inc., Bellevue, Washington, United Statesa,b Dec. 31, 2018/2018 63.34 36,522 4,634 25,897 45,729 United States Dec. 31, 2017/2017 62.29 35,736 5,930 22,927 43,935 T-Systems International GmbH, Frankfurt/Main, Germany Dec. 31, 2018/2018 100.00 5,086 (454) 1,109 12,481 Systems Solutions Dec. 31, 2017/2017 100.00 5,010 (1,536) 1,225 12,608 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2018/2018 45.00 3,861 429 3,239 19,507 Europe Dec. 31, 2017/2017 40.00 3,857 353 3,238 20,259 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2018/2018 59.72 2,060 241 2,326 9,166 Europe Dec. 31, 2017/2017 59.44 1,975 248 2,295 9,094 T-Mobile Netherlands Holding B.V., The Hague, Netherlandsa,b Dec. 31, 2018/2018 100.00 1,322 192 1,467 1,211 Group Development Dec. 31, 2017/2017 100.00 1,355 201 2,520 1,262 T-Mobile Polska S.A., Warsaw, Polanda,b Dec. 31, 2018/2018 100.00 1,525 (552) 1,462 4,816 Europe Dec. 31, 2017/2017 100.00 1,509 (684) 2,119 4,379 T-Mobile Czech Republic a.s., Prague, Czech Republica,b Dec. 31, 2018/2018 100.00 1,047 274 1,924 3,516 Europe Dec. 31, 2017/2017 100.00 1,011 211 1,846 3,437 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2018/2018 51.14 1,049 185 2,303 5,424 Europe Dec. 31, 2017/2017 51.00 1,039 144 2,208 5,032 T-Mobile Austria Holding GmbH, Vienna, Austriaa,b Dec. 31, 2018/2018 100.00 1,055 41 3,474 1,548 Europe Dec. 31, 2017/2017 100.00 900 109 1,546 1,204 Slovak Telekom a.s., Bratislava, Slovakiaa,b Dec. 31, 2018/2018 100.00 761 149 1,532 3,568 Europe Dec. 31, 2017/2017 100.00 748 108 1,434 3,499 The following table shows the non-controlling interests for principal subsidiaries: (XLS:) Download Name and registered office Percentage of shareholding for non-controlling interests% Percentage of voting rights for non-controlling interests% Cumulative non-controlling interestsc millions of € Dividends paid out to non-controlling interests millions of € a Consolidated subgroup. b Indirect shareholding of Deutsche Telekom AG. c IFRS figures at the level of the consolidated financial statements of Deutsche Telekom. T-Mobile US, Inc., Bellevue, Washington, United Statesa,b Dec. 31, 2018/2018 36.66 36.66 9,255 0 Dec. 31, 2017/2017 37.71 37.71 8,424 0 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2018/2018 55.00 50.00 1,607 93 Dec. 31, 2017/2017 60.00 50.00 1,743 47 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2018/2018 40.28 40.28 696 44 Dec. 31, 2017/2017 40.56 40.56 670 34 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2018/2018 48.86 48.86 917 33 Dec. 31, 2017/2017 49.00 49.00 875 32 Deutsche Telekom held 45 percent plus one vote of the shares in the OTE group as of the reporting date (please also refer to the information provided in the section “Summary of accounting policies” under “Other transactions that had no effect on the composition of the Group”). In accordance with shareholder agreements between Deutsche Telekom and the Hellenic Republic, Deutsche Telekom controls 50 percent plus two voting shares and therefore the OTE group’s financial and operating policy. Consequently, the OTE group companies are fully consolidated subsidiaries. Summarized financial information for subsidiaries with significant non-controlling interests: (XLS:) Download millions of € Name and registered office Current assetsc Non-current assetsc Current liabilitiesc Non-current liabilitiesc Profit (loss)c Total comprehensive incomec a Consolidated subgroup. b Indirect shareholding of Deutsche Telekom AG. c IFRS figures of the respective subgroup. T-Mobile US, Inc., Bellevue, Washington, United Statesa,b Dec. 31, 2018/2018 9,171 60,052 16,688 26,638 2,481 3,377 Dec. 31, 2017/2017 9,045 55,886 10,168 31,835 5,271 2,825 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2018/2018 2,161 5,353 2,386 1,888 194 233 Dec. 31, 2017/2017 2,393 5,514 2,723 1,946 54 62 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2018/2018 800 3,230 1,069 636 145 79 Dec. 31, 2017/2017 663 3,349 730 987 123 121 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2018/2018 757 1,941 325 70 141 149 Dec. 31, 2017/2017 747 1,898 336 101 103 133 (XLS:) Download millions of € Name and registered office Net cash from operating activitiesc Net cash (used in) from investing activitiesc Net cash (used in) from financing activitiesc a Consolidated subgroup. b Indirect shareholding of Deutsche Telekom AG. c IFRS figures of the respective subgroup. T-Mobile US, Inc., Bellevue, Washington, United Statesa,b 2018 7,567 (4,936) (2,606) 2017 6,847 (9,948) (966) Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea 2018 949 (558) (597) 2017 782 (732) (334) Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b 2018 500 (266) (167) 2017 507 (181) (243) Hrvatski Telekom d.d., Zagreb, Croatiaa,b 2018 321 (190) (134) 2017 362 (185) (125)
