Other transactions that had no effect on the composition of the Group
Deutsche Telekom AG’s shareholder remuneration
In October 2024, the Board of Management announced plans to buy back further Deutsche Telekom AG shares up to a total purchase price of EUR 2 billion in the 2025 financial year as part of a share buy-back program. The buy-back commenced on January 3, 2025 and will be carried out in several tranches through December 31, 2025. In the period from January 3, 2025 to March 31, 2025, Deutsche Telekom AG bought back around 13 million shares with a total volume of around EUR 0.4 billion under the share buy-back program.
In the period from April 1, 2025 to May 13, 2025, Deutsche Telekom AG bought back around 6 million additional shares with a total volume of around EUR 0.2 billion under the share buy-back program.
T‑Mobile US’ 2025 shareholder return program
On December 13, 2024, T‑Mobile US announced a further shareholder return program of up to USD 14 billion due to run until December 31, 2025. The program comprises share buy-backs and dividends to be paid out. The amount available for share buy-backs reduces by the amount of any dividends approved by the Board of Directors of T‑Mobile US.
In the first quarter of 2025, T‑Mobile US bought back around 10 million shares with a total volume of USD 2.5 billion (EUR 2.4 billion) under this program, and paid out a cash dividend of USD 1.0 billion (EUR 1.0 billion). EUR 0.5 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 0.5 billion to non-controlling interests in T‑Mobile US. In the period from April 1, 2025 to April 17, 2025, T‑Mobile US bought back around 2.0 million additional shares with a total volume of around USD 0.5 billion (EUR 0.5 billion) under the 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.”
As of March 31, 2025, Deutsche Telekom’s stake in T‑Mobile US amounted to 46.2 %. Taking the treasury shares held by T‑Mobile US into account, Deutsche Telekom had a 51.7 % ownership stake in T‑Mobile US as of March 31, 2025. The shares in T‑Mobile US held by 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 58.9 % as of March 31, 2025.