Other transactions

Sale of T‑Mobile US shares by Deutsche Telekom

In the reporting year, Deutsche Telekom sold a portion of its T‑Mobile US share portfolio on the market, without jeopardizing its own majority ownership position in T‑Mobile US. In the course of this process, Deutsche Telekom sold around 23 million T‑Mobile US shares with a total volume of EUR 3.6 billion. Deutsche Telekom announced on July 2, 2024 that it was suspending share sales initially until September 26, 2024. The sales plan was terminated on September 24, 2024.

Acquisition of T‑Mobile US shares by Deutsche Telekom

On June 7, 2024, Deutsche Telekom exercised fixed-price options agreed in June 2020 on shares in T‑Mobile US held by SoftBank to acquire around 7 million additional T‑Mobile US shares for a total purchase price of USD 0.7 billion (EUR 0.6 billion). The fixed exercise price originally agreed of USD 101.46 per share was adjusted to USD 99.51 to account for the dividend payments made by T‑Mobile US. The agreement allowed Deutsche Telekom to acquire the shares at a discount of around 45 % compared to the closing share price on the exercise date of USD 179.82. Upon completion of the transaction, Deutsche Telekom had exercised all fixed-price options received from SoftBank. The remaining floating options were not exercised and expired in the second quarter of 2024.

T‑Mobile US’ shareholder return program from September 2023

On September 6, 2023, T‑Mobile US announced that its Board of Directors has authorized a shareholder return program of up to USD 19 billion that will run from October 1, 2023 through December 31, 2024. The program comprised share buy-backs and dividends to be paid out. In the 2024 financial year, T‑Mobile US bought back around 59 million shares with a total volume of USD 11.1 billion (EUR 10.3 billion) in several tranches under this program, and paid out a cash dividend of USD 3.3 billion (EUR 3.1 billion). EUR 1.5 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 1.5 billion to non-controlling interests in T‑Mobile US.

T‑Mobile US’ 2025 shareholder return program

On December 13, 2024, T‑Mobile US announced a new shareholder return program of up to USD 14 billion for 2025, comprising additional share buy-backs and dividends to be paid out, due to run through December 31, 2025. The amount available for share buy-backs was reduced by the amount of any dividends approved by the Board of Directors of T‑Mobile US.