Principal subsidiaries The Group’s principal subsidiaries are presented in the following table: (XLS:) Download Name and registered office Deutsche Telekom share% Net revenuecmillions of € Profit (loss) from operationscmillions of € Shareholders’ equitycmillions 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 § 264b HGB. Telekom Deutschland GmbH, Bonn, Germany Dec. 31, 2019/2019 100.00 21,617 4,736 6,723 3,573 Germany Dec. 31, 2018/2018 100.00 21,342 4,692 6,423 4,121 T-Mobile US, Inc., Bellevue, Washington, United Statesa,b Dec. 31, 2019/2019 62.85 40,420 5,488 30,327 46,544 United States Dec. 31, 2018/2018 63.34 36,522 4,634 25,897 45,729 T-Systems International GmbH, Frankfurt/Main, Germany Dec. 31, 2019/2019 100.00 5,048 (362) 935 12,149 Systems Solutions Dec. 31, 2018/2018 100.00 5,086 (454) 1,109 12,481 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2019/2019 45.96 3,927 241 2,902 18,033 Europe Dec. 31, 2018/2018 45.00 3,861 429 3,239 19,507 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2019/2019 59.72 2,049 257 2,316 8,468 Europe Dec. 31, 2018/2018 59.72 2,060 241 2,326 9,166 T-Mobile Netherlands Holding B. V., The Hague, Netherlandsa,b Dec. 31, 2019/2019 75.00 1,910 57 1,872 1,892 Group Development Dec. 31, 2018/2018 100.00 1,322 192 1,467 1,211 T-Mobile Polska S.A., Warsaw, Polanda,b Dec. 31, 2019/2019 100.00 1,486 93 1,505 4,569 Europe Dec. 31, 2018/2018 100.00 1,525 (552) 1,462 4,816 T-Mobile Czech Republic a.s., Prague, Czech Republica,b Dec. 31, 2019/2019 100.00 1,088 289 1,956 3,369 Europe Dec. 31, 2018/2018 100.00 1,047 274 1,924 3,516 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2019/2019 51.42 1,039 137 2,276 5,511 Europe Dec. 31, 2018/2018 51.14 1,049 185 2,303 5,424 T-Mobile Austria Holding GmbH, Vienna, Austriaa,b Dec. 31, 2019/2019 100.00 1,276 30 3,488 2,120 Europe Dec. 31, 2018/2018 100.00 1,055 41 3,474 1,548 Slovak Telekom a.s., Bratislava, Slovakiaa,b Dec. 31, 2019/2019 100.00 785 161 1,543 3,482 Europe Dec. 31, 2018/2018 100.00 761 149 1,532 3,568 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% Cumulativenon-controlling interestscmillions of € Dividends paid out to non-controlling interestsmillions 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, 2019/2019 37.15 37.15 11,024 0 Dec. 31, 2018/2018 36.66 36.66 9,255 0 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2019/2019 54.04 50.00 1,378 134 Dec. 31, 2018/2018 55.00 50.00 1,607 93 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2019/2019 40.28 40.28 701 44 Dec. 31, 2018/2018 40.28 40.28 696 44 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2019/2019 48.58 48.58 898 54 Dec. 31, 2018/2018 48.86 48.86 917 33 T‑Mobile Netherlands Holding B.V., The Hague, Netherlandsa,b Dec. 31, 2019/2019 25.00 25.00 468 0 Dec. 31, 2018/2018 n.a. n.a. n.a. n.a. Deutsche Telekom held 45.96 percent plus one vote of the shares in the OTE group as of the reporting date. 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. For further information, please refer to the section “Changes in the composition of the Group and other transactions.” 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 Totalcomprehensiveincomec 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, 2019/2019 10,460 73,954 19,123 34,963 3,593 3,602 Dec. 31, 2018/2018 9,171 60,052 16,688 26,638 2,481 3,377 Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea Dec. 31, 2019/2019 2,006 5,205 2,432 1,877 79 26 Dec. 31, 2018/2018 2,161 5,353 2,386 1,888 194 233 Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b Dec. 31, 2019/2019 781 3,352 912 906 139 82 Dec. 31, 2018/2018 800 3,230 1,069 636 145 79 Hrvatski Telekom d.d., Zagreb, Croatiaa,b Dec. 31, 2019/2019 817 1,906 333 114 101 94 Dec. 31, 2018/2018 757 1,941 325 70 141 149 T‑Mobile Netherlands Holding B.V., The Hague, Netherlandsa,b Dec. 31, 2019/2019 754 3,186 643 1,425 12 12 Dec. 31, 2018/2018 n.a. n.a. n.a. n.a. n.a. n.a. (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 2019 11,438 (6,997) (4,135) 2018 7,567 (4,936) (2,606) Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea 2019 1,121 (446) (707) 2018 949 (558) (597) Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b 2019 492 (257) (226) 2018 500 (266) (167) Hrvatski Telekom d.d., Zagreb, Croatiaa,b 2019 348 (181) (219) 2018 321 (190) (134) T‑Mobile Netherlands Holding B.V., The Hague, Netherlandsa,b 2019 484 (488) (142) 2018 n.a. n.a. n.a.
