Events after the reporting period
Deutsche Telekom AG’s share buy-back program. In the period from July 1, 2025 to August 5, 2025, Deutsche Telekom AG bought back around another 7 million additional shares with a total volume of around EUR 0.2 billion under the share buy-back program.
For more information, please refer to the section “Other transactions that had no effect on the composition of the Group.”
T‑Mobile US’ share buy-back program. In the period from July 1, 2025 to July 18, 2025, T‑Mobile US bought back around 2 million additional shares with a total volume of around USD 0.5 billion (EUR 0.4 billion) under its share buy-back program.
For more information, please refer to the section “Other transactions that had no effect on the composition of the Group.”
Sale of T‑Mobile US shares by Deutsche Telekom. In the period from July 1, 2025 to August 5, 2025, Deutsche Telekom sold around 2 million T‑Mobile US shares with a total volume of EUR 0.4 billion.
For more information, please refer to the section “Other transactions that had no effect on the composition of the Group.”
Acquisition of Metronet in the United States. On July 18, 2024, T‑Mobile US entered into an agreement with KKR & Co. Inc. to establish a joint venture to acquire the fiber-to-the-home platform Metronet. The transaction was consummated on July 24, 2025.
For more information, please refer to the section “Changes in the composition of the Group and other transactions.”
Acquisition of UScellular in the United States. On May 24, 2024, T‑Mobile US entered into an agreement on the acquisition of UScellular, LLC. The transaction was consummated on August 1, 2025.
For more information, please refer to the section “Changes in the composition of the Group and other transactions.”
Acquisition of the Iowa Entities in the United States. On July 22, 2025, T‑Mobile US entered into a purchase agreement for the acquisition of the wireless operations of each of Farmers Cellular Telephone Company, Inc., Iowa RSA No. 9 Limited Partnership, and Iowa RSA No. 12 Limited Partnership (“Iowa Entities”). The transaction was consummated on August 1, 2025.
For more information, please refer to the section “Changes in the composition of the Group and other transactions.”
Approval of the sale of TKRM by the Romanian competition authority. On July 29, 2025, Hellenic Telecommunications Organization S.A. (OTE) announced that the Romanian competition authority (Romanian Competition Council, RCC) has approved the sale of Telekom Romania Mobile Communications (TKRM).
For more information, please refer to the section “Changes in the composition of the Group and other transactions.”
Change in taxation laws in the United States. On July 4, 2025, U.S. President Donald Trump signed the One Big Beautiful Bill Act (the “OBBBA”) into law. This Act includes numerous changes to existing tax law, including provisions regarding depreciation and amortization of certain assets, limitations on interest deductions, and the deductibility of research and development expenditure. These provisions are generally effective beginning in 2025, and are expected to result in a partial deferral of income tax payments to future periods. According to our current assessments, the changes in taxation laws are not expected to have a material impact on net profit.
Change in taxation laws in Germany. On July 11, 2025, the Bundesrat adopted the draft law for an immediate tax investment program to strengthen Germany as a business location. The law has now entered into force and provides, among other things, for the introduction of a declining-balance depreciation allowance for certain assets as well as a gradual reduction of the corporate income tax rate from 2028. In connection with the improved depreciation framework, a partial deferral of income tax payments to future periods is to be expected. According to current analysis, the reduction in the tax rate means that the remeasurement of deferred tax assets and deferred tax liabilities is expected to have a positive impact on net profit in the second half of 2025.