Home

6 Intangible assets

Intangible assets

millions of €

 

 

 

 

 

 

 

 

 

 

 

 

 

Internally generated intangible assets

Acquired intangible assets

Goodwill

Advance payments and intangible assets under development

 

 

 

Total

Acquired concessions, industrial and similar rights and assets

LTE licenses

UMTS licenses

GSM licenses

FCC licenses (T‑Mobile US)

5G licenses

Other acquired intangible assets

 

 

Total

Cost

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2023

13,032

140,687

1,964

5,696

617

1,232

97,942

2,711

30,526

37,887

2,340

193,945

Currency translation

540

7,323

16

(35)

(1)

2

6,306

0

1,035

1,367

69

9,299

Changes in the composition of the Group

1

683

65

0

0

0

0

0

619

673

0

1,357

Additions

592

5,301

340

0

0

0

4,290

59

612

0

3,677

9,571

Disposals

(2,702)

(6,699)

(462)

(5)

(151)

(185)

(62)

0

(5,834)

0

(55)

(9,456)

Change from non-current assets and disposal groups held for sale

0

(963)

0

(9)

0

0

(954)

0

0

0

0

(963)

Reclassifications

1,541

2,583

46

0

0

0

281

160

2,097

0

(4,099)

26

At December 31, 2024

13,004

148,916

1,969

5,647

465

1,048

107,801

2,931

29,054

39,927

1,932

203,779

Currency translation

(1,088)

(14,340)

(39)

59

0

2

(12,299)

8

(2,072)

(2,765)

(121)

(18,314)

Changes in the composition of the Group

60

2,403

38

0

0

0

1,516

0

848

393

0

2,856

Additions

590

4,199

415

100

0

110

1,261

283

2,031

0

3,605

8,394

Disposals

(1,145)

(3,523)

(360)

(1,387)

(255)

(104)

(4)

0

(1,413)

0

(253)

(4,921)

Change from non-current assets and disposal groups held for sale

0

(5,487)

0

(167)

(63)

(36)

(5,078)

0

(144)

(3)

0

(5,489)

Reclassifications

1,852

1,648

14

0

0

0

0

20

1,614

0

(3,476)

23

At December 31, 2025

13,273

133,816

2,037

4,252

147

1,019

93,199

3,242

29,919

37,552

1,687

186,328

Accumulated amortization and impairment losses

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2023

(9,024)

(31,300)

(1,369)

(3,096)

(532)

(836)

(2,547)

(408)

(22,513)

(17,591)

(26)

(57,941)

Currency translation

(413)

(823)

(8)

4

2

(1)

(138)

0

(682)

(722)

0

(1,959)

Changes in the composition of the Group

0

1

0

0

0

0

0

0

1

0

0

1

Additions (amortization)

(2,268)

(4,366)

(398)

(354)

(14)

(50)

0

(145)

(3,404)

0

0

(6,633)

Additions (impairment)

(5)

(18)

0

0

0

(4)

0

0

(14)

0

(10)

(33)

Disposals

2,702

6,574

459

3

151

185

55

0

5,721

0

2

9,278

Change from non-current assets and disposal groups held for sale

0

6

0

6

0

0

0

0

0

0

0

6

Reclassifications

(10)

(11)

(3)

(4)

0

0

0

0

(4)

0

10

(12)

Reversal of impairment losses

0

2,630

0

0

0

0

2,630

0

0

0

0

2,630

At December 31, 2024

(9,019)

(27,307)

(1,319)

(3,441)

(393)

(706)

0

(553)

(20,895)

(18,313)

(24)

(54,663)

Currency translation

839

1,327

17

(20)

1

(1)

0

(1)

1,332

1,371

0

3,537

Changes in the composition of the Group

0

0

0

0

0

0

0

0

0

250

0

250

Additions (amortization)

(2,328)

(4,462)

(417)

(356)

(7)

(49)

0

(161)

(3,472)

0

0

(6,790)

Additions (impairment)

0

(2)

0

0

0

0

0

0

(2)

0

0

(2)

Disposals

1,139

3,456

365

1,387

255

104

0

0

1,344

0

0

4,595

Change from non-current assets and disposal groups held for sale

0

406

0

167

63

36

0

0

141

0

0

406

Reclassifications

(22)

(11)

0

1

0

0

0

0

(12)

0

23

(10)

Reversal of impairment losses

0

0

0

0

0

0

0

0

0

0

0

0

At December 31, 2025

(9,390)

(26,594)

(1,353)

(2,263)

(82)

(617)

0

(715)

(21,565)

(16,693)

(2)

(52,678)

Net carrying amounts

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2024

3,986

121,609

650

2,206

72

342

107,801

2,379

8,159

21,613

1,908

149,115

At December 31, 2025

3,883

107,223

685

1,989

66

403

93,199

2,527

8,354

20,859

1,685

133,650

Topic filter

Results