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Group Development

Customer development

thousands

 

 

 

 

 

 

 

 

Dec. 31, 2021

Dec. 31, 2020

Change

Change
%

Dec. 31, 2019

T‑Mobile Netherlands

Mobile customers

6,939

6,803

136

2.0

5,610

Fixed-network lines

739

682

57

8.4

619

Broadband customers

728

668

60

9.0

605

In the Netherlands, the number of mobile customers increased slightly. The number of fixed-network lines in the Netherlands contributed to the positive development of operational business and profited from the reopening of the T‑Mobile shops at the end of April 2021 after the coronavirus-related lockdown, as well as from successful advertising.

Development of operations

millions of €

 

 

 

 

 

 

 

 

2021

2020

Change

Change
%

2019

Total revenue

 

3,165

2,883

282

9.8

2,797

Of which: T‑Mobile Netherlands

 

2,071

1,946

125

6.4

1,910

Of which: GD Towersa, b

 

1,112

989

123

12.4

945

Service revenuec

 

1,621

1,468

153

10.4

n.a.

Profit (loss) from operations (EBIT)

 

1,084

562

522

92.9

615

Depreciation, amortization and impairment losses

 

(706)

(780)

74

9.5

(812)

EBITDA

 

1,790

1,343

447

33.3

1,427

Special factors affecting EBITDA

 

173

(43)

216

n.a.

97

EBITDA (adjusted for special factors)

 

1,618

1,386

232

16.7

1,330

Of which: T‑Mobile Netherlands

 

757

639

118

18.5

591

Of which: GD Towersa, b

 

894

786

108

13.7

771

EBITDA AL

 

1,479

1,058

421

39.8

1,130

Special factors affecting EBITDA AL

 

173

(43)

216

n.a.

97

EBITDA AL (adjusted for special factors)

 

1,307

1,101

206

18.7

1,033

Of which: T‑Mobile Netherlands

 

668

554

114

20.6

502

Of which: GD Towersa, b

 

669

587

82

14.0

563

EBITDA AL margin (adjusted for special factors)

%

41.3

38.2

 

 

36.9

Cash capex

 

(572)

(699)

127

18.2

(452)

The contributions of T-Mobile Netherlands and GD Towers are shown excluding consolidation effects at operating segment level.

a

As of January 1, 2021, the Austrian cell tower business was transferred from the Europe operating segment to the Group Development operating segment. Prior-year comparatives were not adjusted.

b

As of June 1, 2021, the Dutch cell tower business was sold to DIV and subsequently contributed into Cellnex Netherlands.

c

The definition of “service revenue” was not applied consistently Group-wide for the years prior to 2020.

Total revenue, service revenue

Total revenue in our Group Development operating segment increased in the 2021 financial year by 9.8 % year-on-year to EUR 3.2 billion. In organic terms, i.e., adjusted for the sale of the Dutch cell tower business as of June 1, 2021, the transfer of the Austrian cell tower business as of January 1, 2021, as well as the acquisition of the Dutch MVNO and SIM provider Simpel as of December 1, 2020, revenue increased by 4.6 %. This revenue increase resulted from the operational and structural growth of our two business units T‑Mobile Netherlands and GD Towers, which includes DFMG and the Austrian cell tower business. In the Netherlands, mobile operations in particular contributed to this revenue growth on the back of higher out-of-bundle revenues and higher terminal equipment sales. GD Towers also recorded an increase in revenue, driven by growth in the number of cell sites at DFMG and the transfer of the Austrian cell tower business. Service revenue rose by 10.4 % year-on-year to EUR 1.6 billion, primarily as a result of the operational growth of our T‑Mobile Netherlands business unit, as well as the acquisition of the Dutch MVNO and SIM provider Simpel.

Adjusted EBITDA AL, EBITDA AL

Adjusted EBITDA AL increased by 18.7 % year-on-year to EUR 1.3 billion. This growth was attributable to the aforementioned positive revenue trend at T‑Mobile Netherlands, the acquisition of Simpel, and efficient cost management at T‑Mobile Netherlands. The GD Towers business posted consistent growth on the back of rising volumes and was further strengthened by the transfer of the Austrian cell tower business. An operational increase in adjusted EBITDA AL was also achieved through revenue growth and cost transformation. In organic terms, adjusted EBITDA AL grew by 13.5 %. EBITDA AL was positively influenced by net special factors of EUR 173 million, which mainly related to the gain on deconsolidation due to the sale of the Dutch cell tower business. EBITDA AL increased by EUR 421 million compared with the prior-year period to EUR 1.5 billion.

EBIT

EBIT increased by EUR 522 million year-on-year to EUR 1.1 billion, mainly as a result of the development described under EBITDA AL. Depreciation, amortization and impairment losses were down year-on-year, primarily due to lower depreciation and amortization in connection with the fact that T‑Mobile Netherlands has been held for sale since September 6, 2021, and, accordingly, the related depreciation and amortization has been suspended.

Cash capex

Cash capex stood at EUR 572 million and thus below the prior-year level. The decrease is mainly due to the acquisition of mobile spectrum licenses by T‑Mobile Netherlands in 2020. We continue to focus our investments on the accelerated 5G build-out and the build-out of mobile infrastructure in Germany.

5G
New communications standard (launched from 2020), which offers data rates in the gigabit range, converges fixed-network and mobile communications, and supports the Internet of Things.
Glossary
AL – After Leases
Since the start of the 2019 financial year, we have taken the effects of the first-time application of IFRS 16 “Leases” into account when determining our financial performance indicators. “EBITDA after leases” (EBITDA AL) is calculated by adjusting EBITDA for depreciation of the right-of-use assets and for interest expenses on recognized lease liabilities. When determining “free cash flow after leases” (free cash flow AL), free cash flow is adjusted for the repayment of lease liabilities.
Glossary
Fixed-network lines
Lines in operation excluding internal use and public telecommunications, including IP-based lines. The totals reported in the combined management report were calculated on the basis of precise figures and rounded to millions or thousands. Percentages were calculated on the basis of the figures shown.
Glossary
MVNO – Mobile Virtual Network Operator
Company that offers mobile minutes at relatively low prices without subsidized handsets. A mobile virtual network operator does not have its own wireless network, but uses the infrastructure of another mobile operator to provide its services.
Glossary
Mobile customers
In the combined management report, one mobile communications card corresponds to one customer. The totals were calculated on the basis of precise figures and rounded to millions or thousands. Percentages were calculated on the basis of the figures shown (see also SIM card).
Glossary
SIM card – Subscriber Identification Module card
Chip card that is inserted into a cell phone to identify it in the mobile network. Deutsche Telekom counts its customers by the number of SIM cards activated and not churned. Customer totals also include the SIM cards with which machines can communicate automatically with one another (M2M cards). The churn rate is determined and reported based on the local markets of the respective countries.
Glossary