Events after the reporting period
The 2022 in-person shareholders’ meeting. After two years of holding virtual shareholders’ meetings, on April 7, 2022, Deutsche Telekom once again held an in-person shareholders’ meeting. In accordance with the published agenda, the 2022 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 2022 financial year, and the amount of the dividend (EUR 0.64 per dividend-bearing no par value share; EUR 3.2 billion in total). The dividend was paid out in April 2022. In addition, the 2022 shareholders’ meeting elected Dr. Frank Appel as a member of Deutsche Telekom AG’s Supervisory Board. The Supervisory Board then elected Dr. Frank Appel as the new Chairman of the Supervisory Board, as successor to Prof. Dr. Ulrich Lehner, who left the Supervisory Board effective midnight on the day of the shareholders’ meeting.
Increase of the stake in T‑Mobile US. In keeping with the declared strategic goal of securing control of T‑Mobile US in the long term, on April 12, 2022, Deutsche Telekom acquired a total of around 21.2 million T‑Mobile US shares from SoftBank for a purchase price of USD 2.4 billion (EUR 2.2 billion). To this end, Deutsche Telekom exercised a further portion of the stock options it had received from SoftBank in June 2020 to purchase shares in T‑Mobile US. This gives a weighted average price of around USD 113 per T‑Mobile US share. The transaction increases Deutsche Telekom’s stake in T‑Mobile US by 1.7 percentage points, bringing it to 48.4 %.
Rating outlook raised. According to an announcement on April 22, 2022, the rating agency Standard & Poor’s has raised its rating outlook for Deutsche Telekom AG from “stable” to “positive” and also confirmed its long-term rating of BBB. Standard & Poor’s considers an improvement in the long-term rating within the next two years to be possible.