Risks and opportunities
This section provides important additional information and explains recent changes in the risks and opportunities compared to those described in the 2023 combined management report (2023 Annual Report). Readers are also referred to the “Disclaimer” at the end of this report.
Litigation and anti-trust proceedings
Claims for damages against Deutsche Telekom AG, including due to insolvency of Phones4U. After the High Court of Justice in London rejected all claims made by Phones4U against all defendants in 2023 as well as an application for leave to lodge an appeal, Phones4U continued to pursue this application with the Court of Appeal. On March 26, 2024, the Court of Appeal allowed the appeal by Phones4U.
Assessment of the aggregate risk position
The aggregate risk position has not changed significantly compared with the risks and opportunities as described in the 2023 combined management report (2023 Annual Report). Our challenges continue to include in particular the regulatory factors, economic uncertainties, and intense competition, and the associated pressure on profitability in the telecommunications business, as well as the pressure to change arising from new technologies and strategic transformation. At the time of preparing this report, neither our risk management system nor our management could identify any material risks or developments that threaten the continued existence of Deutsche Telekom AG or a significant Group company as a going concern.