Related-party disclosures

The following significant changes to the related-party disclosures reported in the consolidated financial statements as of December 31, 2021 were in effect as of September 30, 2022:

Joint ventures. On November 5, 2021, Deutsche Telekom announced that IFM Global Infrastructure Fund would acquire a stake of 50 % in GlasfaserPlus GmbH, a fiber-optic build-out entity. The sale of a 50 % stake in GlasfaserPlus was consummated on February 28, 2022, after the EU Commission approved the transaction on January 25, 2022 and the other closing conditions had been satisfied. The stakes in the joint venture have been included in the consolidated financial statements using the equity method since February 28, 2022. The carrying amount of the investment amounted to EUR 1.0 billion as of September 30, 2022.

For further information on the joint venture GlasfaserPlus with IFM, please refer to the section “Changes in the composition of the Group and other transactions.”

Associate. In August and September 2022, Digital Transformation Capital Partners (DTCP Infra) admitted new investors to the investment company Digital Infrastructure Vehicle II SCSp SICAV-RAIF (DIV II). As a result, Deutsche Telekom’s share in DIV II decreased from 66.67 % to 41.25 %. Since the deconsolidation, the stake retained by the Group has been included in the consolidated financial statements as an associate using the equity method. There are plans to admit further investors. In the future, Deutsche Telekom’s stake is expected to fall to around 25 %, in line with the target structure.

For further information on the infrastructure fund (DIV II), please refer to the section “Changes in the composition of the Group and other transactions.”