Related-party disclosures

The following significant changes to the related-party disclosures reported in the consolidated financial statements as of December 31, 2020 were in effect as of September 30, 2021:

Federal Republic of Germany. Following the capital increase of Deutsche Telekom AG carried out on September 28, 2021 against a non-cash contribution, the Federal Republic of Germany is both a direct and an indirect shareholder (via KfW Bankengruppe) and holds 30.5 % (December 31, 2020: 31.9 %) of the share capital of Deutsche Telekom AG. The capital increase was executed in connection with the increase of the stake in T‑Mobile US by way of the agreement with SoftBank.

For more information on the capital increase against a non-cash contribution, please refer to the section “Other transactions that had no effect on the composition of the Group.”

Associate. In connection with the combination of the cell tower business in the Netherlands and the set-up of an infrastructure fund, the newly established, independently managed investment company Digital Infrastructure Vehicle II SICAF-RAIF (DIV) contributed the shares in T‑Mobile Infra B.V. previously acquired by T‑Mobile Netherlands into Cellnex Netherlands B.V. In return, DIV received a stake of 37.65 % in the “new” company Cellnex NL. Since then Cellnex NL has been included in the consolidated financial statements using the equity method. The transaction was consummated on June 1, 2021. Following the combination of the cell tower business in the Netherlands and the set-up of an infrastructure fund, T‑Mobile Netherlands continues to have access to the contributed passive mobile infrastructure under a sale-and-leaseback transaction with T‑Mobile Infra B.V. A long-term lease agreement at normal market conditions was concluded to this end.

For further information on the combination of the cell tower business in the Netherlands and the set-up of an infrastructure fund, please refer to the section “Changes in the composition of the Group and other transactions.”