The T-Share

T-Share performance

On September 30, 2026, the T-Share closed on the Frankfurt Stock Exchange (XETRA) at EUR 26.11. The highest closing price recorded during the first three quarters of 2026 was EUR 34.09 on February 27, 2026 and the lowest was EUR 23.85 on June 30, 2026. The share price performance mainly reflects market concerns over the long-term dynamics shaping key North American business, which are dominated by fears of a potential intensification of U.S. competition and by anticipated disruptions from satellite networks such as Starlink.

Development of the T-Share as compared to major stock indexes

% (January 1 to September 30, 2026); based on total shareholder return

For the real-time T-Share price as well as its historical performance, please visit our Investor Relations website.

Shareholders’ Meeting and dividend

The 2026 Shareholders’ Meeting of Deutsche Telekom AG was held as an in-person event in Bonn on April 1, 2026. In accordance with the published agenda, the meeting passed resolutions on, among other matters, the amount of the dividend (EUR 1.00 per dividend-bearing no par value share). The dividend was paid out in April 2026.

On the basis of the results expected for the 2026 financial year as well as the finance strategy communicated at the 2024 Capital Markets Day, the Board of Management of Deutsche Telekom AG plans to propose to the 2027 Shareholders’ Meeting the distribution of a dividend of EUR 1.10 per share for the 2026 financial year and to buy back shares for up to EUR 2 billion in the 2027 financial year.

Share buy-back programs

Since January 5, 2026, Deutsche Telekom AG has been buying back shares as part of a buy-back program. On August 6, 2026, the Board of Management resolved to increase the current 2026 share buy-back program by up to another EUR 3 billion. In addition to the share buy-back already underway since the start of 2026 with a scope of up to EUR 2 billion, the share buy-backs could now reach up to EUR 5 billion in total by the end of the year.

As of September 30, 2026, Deutsche Telekom AG had bought back 62.0 million shares with a total volume of EUR 1.8 billion.

For further information on the 2026 share buy-back program, please refer to our Investor Relations website.

On April 21, 2026, the Board of Management of Deutsche Telekom AG resolved to cancel 55.4 million shares that had been bought back in the 2025 financial year under the share buy-back program, and to decrease the share capital accordingly. The cancellation of these shares was completed on April 29, 2026.

For information on T‑Mobile US’ 2026 shareholder return program, please refer to the section “Development of business in the Group” in the interim Group management report and the section “Other transactions that had no effect on the composition of the Group” in the interim consolidated financial statements.

Shareholder structure

As of September 30, 2026, the Federal Republic’s shareholding, including that of KfW, was 28.6 % (December 31, 2025: 28.3 %). The percentage of shares in free float was 71.4 % of the share capital (December 31, 2025: 71.7 %), with the share of retail investors increasing to 17.3 % (December 31, 2025: 17.2 %) and the share of institutional investors decreasing to 54.1 % (December 31, 2025: 54.5 %). These changes are due to the cancellation of own shares bought back under the 2025 share buy-back program in the second quarter of 2026.

Shareholder structure by investor group

% (as of September 30, 2026)

Geographical distribution of free float

% (as of September 30, 2026)

For further information relevant to shareholders, please refer to our Investor Relations website.