Other transactions that had no effect on the composition of the Group

Deutsche Telekom AG’s shareholder remuneration

On November 2, 2023, the Board of Management announced plans to buy back Deutsche Telekom AG shares up to a total purchase price of EUR 2 billion in the 2024 financial year as part of a share buy-back program. The buy-back commenced on January 3, 2024 and will be carried out in several tranches through December 31, 2024. The purpose of the share buy-back is to recoup part of the dilution effect from Deutsche Telekom AG’s 2021 capital increase. The repurchased shares will therefore be canceled. In the period from January 3, 2024 to March 31, 2024, Deutsche Telekom AG bought back around 21 million shares with a total volume of around EUR 0.5 billion under the share buy-back program.

In the period from April 1, 2024 to May 14, 2024, Deutsche Telekom AG bought back around 9 million additional shares with a total volume of around EUR 0.2 billion under the share buy-back program.

T‑Mobile US’ shareholder return program from September 2023

On September 6, 2023, T‑Mobile US announced that its Board of Directors has authorized a shareholder return program of up to USD 19 billion that will run from October 1, 2023 through December 31, 2024. The program comprises additional share buy-backs and dividends to be paid out. The amount available for share buy-backs will be reduced by the amount of any dividends approved by the Board of Directors of T‑Mobile US.

In the period from January 1, 2024 to March 31, 2024, T‑Mobile US bought back around 22 million shares with a total volume of around USD 3.6 billion (EUR 3.3 billion) under the share buy-back program. On January 24, 2024, the T‑Mobile US Board of Directors declared a cash dividend of USD 0.65 per share, which was paid out on March 14, 2024 to the shareholders registered as of close of business on March 1, 2024. EUR 0.4 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 0.4 billion to non-controlling interests in T‑Mobile US. On March 15, 2024, the T‑Mobile US Board of Directors declared a further cash dividend of USD 0.65 per share, which will be paid out on June 13, 2024 to the shareholders registered as of close of business on May 31, 2024. Furthermore, in the period from April 1, 2024 to April 19, 2024, T‑Mobile US bought back around 5 million additional shares with a total volume of around USD 0.9 billion (EUR 0.8 billion) under its share buy-back program.

For further information on the overview of dividend payments attributable to non-controlling interests in T‑Mobile US, please refer to the section “Shareholders’ equity.”

Sale of T‑Mobile US shares by Deutsche Telekom

In early 2024, Deutsche Telekom began selling a portion of its T‑Mobile US share portfolio on the market, without jeopardizing its control over T‑Mobile US. In the period from January 2, 2024 to March 31, 2024, Deutsche Telekom sold around 12 million T‑Mobile US shares with a total volume of around EUR 1.8 billion.

In the period from April 1, 2024 to May 14, 2024, Deutsche Telekom sold around another 6 million T‑Mobile US shares with a total volume of around EUR 0.9 billion.

As of March 31, 2024, Deutsche Telekom’s stake in T‑Mobile US amounted to 46.9 %. Taking the treasury shares held by T‑Mobile US into account, Deutsche Telekom had a 50.4 % ownership stake in T‑Mobile US as of March 31, 2024. The shares issued to SoftBank are subject to the proxy agreement between SoftBank and Deutsche Telekom. The percentage of T‑Mobile US shares for which Deutsche Telekom can exercise voting rights, based on the agreement concluded with SoftBank in connection with the acquisition of Sprint, amounted to 57.9 % as of March 31, 2024.