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Deutsche Telekom - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
The Deutsche Telekom Group is one of the world's leading service providers in the telecommunications and information technology sector. Deutsche Telekom is Germany's incumbent national telecommunications operator, offering consumers and businesses traditional fixed network, mobile communications, broadband Internet access, and multimedia services. Outside Germany, Deutsche Telekom's mobile subsidiary, T-Mobile, is represented in the US, the UK, the Netherlands, Austria, the Czech Republic, Hungary, Slovakia, Croatia, Macedonia, Montenegro, and Poland. Deutsche Telekom's Broadband/Fixed Network activities outside of Germany comprise subsidiaries in both Western and Eastern Europe. In Western Europe, it has operations in France, Spain, Portugal, Austria, and Switzerland; in Eastern Europe, it has operations primarily in Hungary (Magyar Telekom, which has operations in Macedonia, Montenegro, Bulgaria and Romania), Croatia (T-Hrvatski Telekom) and Slovakia (Slovak Telekom). Deutsche Telekom also serves multinational corporations and large public authorities through its T-Systems business area. T-Systems is represented in over 20 countries by subsidiaries, primarily in Germany, France, Spain, Italy, the UK, Austria, Switzerland, Belgium and the Netherlands. T-Systems offers its customers a full range of information and communication technology (ICT) services. Deutsche Telekom was established, as a private stock company, in 1995, with the German government’s move to liberalise the telecommunications market in the country. Previously, telecommunications services were completely controlled by the state. In 1989, the government transformed postal, telegraph, and telephone services into businesses driven by market factors and thereby disintegrated the state’s monopoly operations into three separate entities, of which one was Deutsche Telekom’s predecessor. Deutsche Telekom was partially-privatised in 1996. As of December 31, 2006, the Federal Republic of Germany's direct ownership interest in the company was 14.83% (December 31, 2005: 15.40%). KfW, a development bank that is 80%-owned by the Federal Republic and 20%-owned by the German federal states, owned 16.87% (December 31, 2005: 22.09%) of Deutsche Telekom's shares. In April 2006, The Blackstone Group, a private investment company, acquired a 4.39% stake in Deutsche Telekom. The telecommunications operator's remaining shares are free float. In addition to Frankfurt/Main, other German stock exchanges, and the Tokyo stock exchange, Deutsche Telekom shares are also traded on the New York Stock Exchange in the form of American Depositary Shares (ADSs).
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