The following significant change to the related-party disclosures reported in the consolidated financial statements as of December 31, 2021 was in effect as of March 31, 2022:
Joint ventures. On November 5, 2021, Deutsche Telekom announced that IFM Global Infrastructure Fund – advised by IFM Investors – would acquire a stake of 50 % in GlasfaserPlus GmbH, a fiber-optic build-out entity. The sale of a 50 % stake in GlasfaserPlus was consummated on February 28, 2022, after the EU Commission approved the transaction on January 25, 2022 and the other closing conditions had been satisfied. Since February 28, 2022, the shares in the joint venture have been included in the consolidated financial statements as an investment accounted for using the equity method with a carrying amount of EUR 0.9 billion.
For further information on the joint venture GlasfaserPlus with IFM, please refer to the section “Changes in the composition of the Group and other transactions.”