Principal subsidiaries

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

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:

Deutsche Telekom held 46.3 % 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 51.4 % ownership stake in T‑Mobile US as of December 31, 2024. The proportion of T‑Mobile US shares for which Deutsche Telekom can exercise voting rights totaled around 58.6 % as of December 31, 2024.

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: