Events after the reporting period
Deutsche Telekom accelerates fiber-optic build-out through joint venture with IFM. On November 5, 2021, Deutsche Telekom announced that IFM Global Infrastructure Fund – advised by IFM Investors – will acquire a stake of 50 % in Glasfaser Plus GmbH, a fiber-optic build-out entity. The agreed purchase price for the 50 % stake in the subsidiary amounts to EUR 0.9 billion, half of which is to be settled upon conclusion of the transaction, and the remainder once progress has been made in the build-out. The newly established joint venture is to build out an additional four million gigabit-capable FTTH lines in rural and development areas between 2022 and 2028. This transaction, which underpins Deutsche Telekom’s aim of being the leading company for the fiber-optic build-out in Germany, is subject to approval by the merger control authorities. The joint venture will be included in the consolidated financial statements using the equity method.