Other transactions that had no effect on the composition of the Group
Deutsche Telekom AG’s shareholder remuneration
On November 2, 2023, the Board of Management announced plans to buy back Deutsche Telekom AG shares up to a total purchase price of EUR 2 billion in the 2024 financial year as part of a share buy-back program. The purpose of the share buy-back is to recoup part of the dilution effect from Deutsche Telekom AG’s 2021 capital increase. The repurchased shares are therefore to be canceled. In the 2024 financial year, Deutsche Telekom AG bought back around 81 million shares in several tranches as part of this share buy-back program, with a total volume of around EUR 2.0 billion. The 2024 share buy-back program was completed on December 18, 2024. The cancellation of the repurchased shares is expected to begin in April 2025.
At the Capital Markets Day in October 2024, Deutsche Telekom AG announced a new share buy-back program of up to EUR 2 billion for 2025. The buy-back commenced on January 3, 2025 and will be carried out in several tranches through December 31, 2025.
By February 18, 2025, Deutsche Telekom AG had bought back around 8 million shares with a total volume of around EUR 0.2 billion under this share buy-back program.
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. 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. In the 2024 financial year, T‑Mobile US bought back around 59 million shares with a total volume of around 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. On November 21, 2024, the T‑Mobile US Board of Directors declared a cash dividend of USD 0.88 per share, which will be paid out on March 13, 2025 to the shareholders registered as of close of business on February 28, 2025.
For further information on the overview of dividend payments attributable to non-controlling interests in T‑Mobile US, please refer to Note 19 “Shareholders’ equity.”
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. As of December 31, 2024, no shares had been bought back under this program. In the period from January 1, 2025 to January 24, 2025, T‑Mobile US bought back around 3 million shares with a total volume of around USD 0.6 billion (EUR 0.6 billion) under the share buy-back program.
Sale of T‑Mobile US shares by Deutsche Telekom
In the reporting period, Deutsche Telekom sold a portion of its T‑Mobile US share portfolio on the market, without jeopardizing its control over T‑Mobile US. In this context, Deutsche Telekom sold around 23 million T‑Mobile US shares with a total volume of around 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 concluded 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 options to buy at a volume-weighted average price (floating options) were not exercised and expired in the second quarter of 2024.