Principal subsidiaries

The Group’s principal subsidiaries are presented in the following table:

Download

Name and registered office

Deutsche Telekom share
%

Net revenue^a
millions of €

Profit (loss) from operations^a
millions of €

Shareholders’ equity^a
millions of €

Average number of employees

Assigned to segment

Telekom Deutschland GmbH, Bonn, Germany

Dec. 31, 2023/2023

100.00

22,740

5,614

7,542

2,719

Germany

Dec. 31, 2022/2022

100.00

22,208

5,181

9,614

3,750

T‑Systems International GmbH, Frankfurt/Main, Germany

Dec. 31, 2023/2023

100.00

2,213

(296)

1,008

6,124

Systems Solutions

Dec. 31, 2022/2022

100.00

2,134

(335)

884

6,180

T‑Mobile US, Inc., Bellevue, Washington, United States^{b, c}

Dec. 31, 2023/2023

47.91

72,436

14,487

64,944

66,446

United States

Dec. 31, 2022/2022

48.14

75,436

7,470

71,681

69,056

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greece^b

Dec. 31, 2023/2023

52.77

3,469

698

2,601

10,562

Europe

Dec. 31, 2022/2022

50.86

3,455

579

2,525

11,048

Hrvatski Telekom d.d., Zagreb, Croatia^{b, c}

Dec. 31, 2023/2023

53.02

1,039

157

2,168

4,727

Europe

Dec. 31, 2022/2022

53.02

984

140

2,147

4,784

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungary^{b, c}

Dec. 31, 2023/2023

63.55

2,225

388

2,353

6,719

Europe

Dec. 31, 2022/2022

61.39

1,907

277

2,173

6,741

Slovak Telekom a.s., Bratislava, Slovakia^b,c

Dec. 31, 2023/2023

100.00

825

195

1,548

2,620

Europe

Dec. 31, 2022/2022

100.00

806

200

1,564

3,046

T‑Mobile Austria Holding GmbH, Vienna, Austria^b,c

Dec. 31, 2023/2023

100.00

1,458

194

2,635

1,823

Europe

Dec. 31, 2022/2022

100.00

1,391

139

2,786

1,789

T‑Mobile Czech Republic a.s., Prague, Czech Republic^{b, c}

Dec. 31, 2023/2023

100.00

1,280

307

2,063

3,161

Europe

Dec. 31, 2022/2022

100.00

1,226

377

2,155

3,141

T‑Mobile Polska S.A., Warsaw, Poland^{b, c}

Dec. 31, 2023/2023

100.00

1,522

2,039

3,464

Europe

Dec. 31, 2022/2022

100.00

1,413

1,872

3,682

^a	IFRS figures of the respective subgroup.
^b	Consolidated subgroup.
^c	Indirect shareholding of Deutsche Telekom AG.

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 company register 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.

The following table shows the non-controlling interests for principal subsidiaries:

Download

Name and registered office

Percentage of shareholding for non-controlling interests
%

Percentage of voting rights for non-controlling interests
%

Cumulative non-controlling interests^a
millions of €

Dividends paid out to non-controlling interests
millions of €

T‑Mobile US, Inc., Bellevue, Washington, United States^{b, c, d}

Dec. 31, 2023/2023

52.09

41.99

31,878

324

Dec. 31, 2022/2022

51.86

47.33

36,332

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greece^b

Dec. 31, 2023/2023

47.23

41.12

1,024

120

Dec. 31, 2022/2022

49.14

42.86

1,022

124

Hrvatski Telekom d.d., Zagreb, Croatia^{b, c}

Dec. 31, 2023/2023

46.99

46.44

807

Dec. 31, 2022/2022

46.99

46.97

806

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungary^{b, c}

Dec. 31, 2023/2023

36.45

33.59

573

Dec. 31, 2022/2022

38.61

35.87

564

^a	IFRS figures at the level of the consolidated financial statements of Deutsche Telekom.
^b	Consolidated subgroup.
^c	Indirect shareholding of Deutsche Telekom AG.
^d	Taking into consideration treasury shares held by T-Mobile US, non-controlling interests amount to 49.4 % as of December 31, 2023.

Deutsche Telekom held 47.9 % of the shares in T‑Mobile US as of the reporting date. Taking the treasury shares held by T‑Mobile US into account, Deutsche Telekom had a 50.6 % ownership stake in T‑Mobile US as of December 31, 2023. The proportion of T‑Mobile US shares for which Deutsche Telekom can exercise voting rights totaled around 58.0 % as of December 31, 2023.

For further information, please refer to the section “Other transactions that had no effect on the composition of the Group” under “Summary of accounting policies.”

Summarized financial information for subsidiaries with significant non-controlling interests:

Download

millions of €

Name and registered office

Current assets^a

Non-current assets^a

Current liabilities^a

Non-current liabilities^a

Profit (loss)^a

Total comprehensive income^a

T‑Mobile US, Inc., Bellevue, Washington, United States^{b, c}

Dec. 31, 2023/2023

19,717

183,719

20,011

118,481

7,713

5,607

Dec. 31, 2022/2022

20,901

194,680

24,040

119,860

2,206

6,711

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greece^b

Dec. 31, 2023/2023

1,232

4,486

1,653

1,464

513

504

Dec. 31, 2022/2022

1,359

4,504

1,878

1,461

385

416

Hrvatski Telekom d.d., Zagreb, Croatia^{b, c}

Dec. 31, 2023/2023

635

1,908

294

130

Dec. 31, 2022/2022

732

1,744

240

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungary^{b, c}

Dec. 31, 2023/2023

822

3,372

907

932

221

310

Dec. 31, 2022/2022

671

3,315

766

1,047

170

^a	IFRS figures of the respective subgroup.
^b	Consolidated subgroup.
^c	Indirect shareholding of Deutsche Telekom AG.

Download

millions of €

Name and registered office

Net cash from operating activities^a

Net cash (used in) from investing activities^a

Net cash (used in) from financing activities^a

T‑Mobile US, Inc., Bellevue, Washington, United States^{b, c}

2023

25,206

(9,869)

(14,849)

2022

23,569

(16,165)

(8,978)

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greece^b

2023

1,205

(505)

(826)

2022

1,318

(508)

(853)

Hrvatski Telekom d.d., Zagreb, Croatia^{b, c}

2023

367

(328)

(190)

2022

346

(146)

(194)

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungary^{b, c}

2023

591

(308)

(237)

2022

514

(281)

(244)

^a	IFRS figures of the respective subgroup.
^b	Consolidated subgroup.
^c	Indirect shareholding of Deutsche Telekom AG.

Topic filter

Results

Principal subsidiaries

Principal subsidiaries

You might also be interested in these topics ...

More in this section