Events after the reporting period

Virtual 2021 shareholders’ meeting. Owing to the ongoing coronavirus pandemic, our shareholders’ meeting was once again held virtually on April 1, 2021. In accordance with the published agenda, the 2021 shareholders’ meeting passed resolutions on the approval of the actions of the Board of Management and the Supervisory Board, the selection of the external auditor for the 2021 financial year, the amount of the dividend (EUR 0.60 per dividend-bearing no par value share; EUR 2.8 billion in total), the approval of the new Board of Management compensation system, and the compensation for members of the Supervisory Board. The dividend totaling EUR 2.8 billion was paid out in April 2021.

European Commission sets termination rates from July 1, 2021. On April 22, 2021, the European Commission published a Delegated Act setting single maximum Union-wide mobile (MTR) and fixed-network (FTR) termination rates. The Act will reduce MTRs to a uniform level of 0.2 eurocents/min. by 2024 using a phased approach. A uniform level of 0.07 eurocents/min. will apply to FTRs from January 1, 2022; new price caps which vary by member state, however, will apply as early as from July 1, 2021.