Other transactions that had no effect on the composition of the Group

Deutsche Telekom AG’s shareholder remuneration

On November 2, 2023, the Board of Management announced plans to buy back Deutsche Telekom AG shares up to a total purchase price of EUR 2 billion in the 2024 financial year as part of a share buy-back program. The buy-back commenced on January 3, 2024 and will be carried out in several tranches through December 31, 2024. The purpose of the share buy-back is to recoup part of the dilution effect from Deutsche Telekom AG’s 2021 capital increase. The repurchased shares will therefore be canceled. In the period from January 3, 2024 to September 30, 2024, Deutsche Telekom AG bought back around 64 million shares with a total volume of around EUR 1.5 billion under the share buy-back program.

In the period from October 1, 2024 to November 12, 2024, Deutsche Telekom AG bought back around 9 million additional shares with a total volume of around EUR 0.3 billion under the share buy-back program.

T‑Mobile US’ shareholder return program from September 2023

On September 6, 2023, T‑Mobile US announced that its Board of Directors has authorized a shareholder return program of up to USD 19 billion that will run from October 1, 2023 through December 31, 2024. The program comprises additional share buy-backs and dividends to be paid out. The amount available for share buy-backs will be reduced by the amount of any dividends approved by the Board of Directors of T‑Mobile US.

In the first nine months of 2024, T‑Mobile US bought back around 39 million shares with a total volume of around USD 6.5 billion (EUR 6.0 billion) under this share buy-back program. On January 24, 2024, the T‑Mobile US Board of Directors declared a cash dividend of USD 0.65 per share, which was paid out on March 14, 2024 to the shareholders registered as of close of business on March 1, 2024. EUR 0.4 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 0.4 billion to non-controlling interests in T‑Mobile US. On March 15, 2024, the T‑Mobile US Board of Directors declared a further cash dividend of USD 0.65 per share, which was paid out on June 13, 2024 to the shareholders registered as of close of business on May 31, 2024. EUR 0.3 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 0.3 billion to non-controlling interests in T‑Mobile US. On June 13, 2024, the T‑Mobile US Board of Directors declared a further cash dividend of USD 0.65 per share, which was paid out on September 12, 2024 to the shareholders registered as of close of business on August 30, 2024. EUR 0.4 billion of the cash dividend was attributable to Deutsche Telekom’s stake and EUR 0.4 billion to non-controlling interests in T‑Mobile US. On September 18, 2024, the T‑Mobile US Board of Directors declared a further cash dividend of USD 0.88 per share, which is to be paid out on December 12, 2024 to the shareholders registered as of close of business on November 27, 2024. Furthermore, in the period from October 1, 2024 to October 18, 2024, T‑Mobile US bought back around 4 million additional shares with a total volume of around USD 0.9 billion (EUR 0.8 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.”

Sale of T‑Mobile US shares by Deutsche Telekom

In the reporting period, Deutsche Telekom sold a portion of its T‑Mobile US share portfolio on the market, without jeopardizing its control over T‑Mobile US. In this context, Deutsche Telekom sold around 23 million T‑Mobile US shares with a total volume of around EUR 3.6 billion. Deutsche Telekom announced on July 2, 2024 that it was suspending share sales initially until September 26, 2024. The sales plan was terminated on September 24, 2024.

Acquisition of T‑Mobile US shares by Deutsche Telekom

On June 7, 2024, Deutsche Telekom exercised fixed-price options agreed in June 2020 on shares in T‑Mobile US held by SoftBank to acquire around 7 million additional T‑Mobile US shares for a total purchase price of USD 0.7 billion (EUR 0.6 billion). The fixed exercise price originally agreed of USD 101.46 per share was adjusted to USD 99.51 to account for the dividend payments made by T‑Mobile US. The agreement allowed Deutsche Telekom to acquire the shares at a discount of around 45 % compared to the closing share price on the exercise date of USD 179.82. Upon completion of the transaction, Deutsche Telekom had exercised all fixed-price options received from SoftBank. The remaining options to buy at a volume-weighted average price (floating options) were not exercised and expired in the second quarter of 2024.

As of September 30, 2024, Deutsche Telekom’s stake in T‑Mobile US amounted to 46.3 %. Taking the treasury shares held by T‑Mobile US into account, Deutsche Telekom had a 50.5 % ownership stake in T‑Mobile US as of September 30, 2024. The shares issued to 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 57.6 % as of September 30, 2024.