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Deutsche Telekom | Org | Lionbliss

Overview

Deutsche Telekom AG (German pronunciation: [ˌdɔʏtʃə ˈteːləkɔm ʔaːˌɡeː] (listen); short form often just Telekom, DTAG or DT; stylised as ·T·) is a German telecommunications company that is headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. Deutsche Telekom was formed in 1995 when Deutsche Bundespost (at that time a monopoly under state ownership) was privatized. Since then, Deutsche Telekom has featured among Fortune 500 companies, with its latest ranking at number 62 (in 2022).

  • The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile.

  • As of April 2020, the German government holds a 14.5% stake in company stock directly, and another 17.4% through the government bank KfW.[4] The company is a component of the EURO STOXX 50 stock market index.[5]

History

  • The Deutsche Bundespost was the federal German government postal administration created in 1947 as a successor to the Reichspost. It was also the major telephone company in West Germany.

  • On 1 July 1989, as part of a post office reform, Deutsche Bundespost was split into three entities, one being Deutsche Telekom.

  • On 1 January 1995, as part of another reform, Deutsche Bundespost Telekom became Deutsche Telekom AG, and was privatized in 1996. As such, it shares a common heritage with the other privatized Deutsche Bundespost companies, Deutsche Post (DHL) and Deutsche Postbank.[6][7]


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