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Deutsche Telekom
Deutsche Telekom AG (German pronunciation: [ˌdɔʏtʃə ˈteːləkɔm ʔaːˌɡeː] ⓘ, lit. 'German Telecom'; often just Telekom, DTAG or DT; stylised as ·T·) is a partially state-owned German telecommunications company headquartered in Bonn and is the world-wide largest telecommunications provider by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was restructured. Since then, Deutsche Telekom has consistently featured among Fortune Magazine's top Global 500 companies by revenue, with its ranking as of 2023[update] at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company and biggest in Europe by revenue.
As of April 2020[update], the German government held a direct 14.5% stake in company stock and another 17.4% through the government bank KfW. On 4 June 2024, the German government reduced its total shareholding to 27.8%. The company is a component of the EURO STOXX 50 stock market index.
The Deutsche Bundespost was the German federal 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.
Deutsche Telekom was the monopoly Internet service provider (ISP) for Germany until its privatization in 1995, and the dominant ISP thereafter. Until the early 21st century, Deutsche Telekom controlled almost all Internet access by individuals and small businesses in Germany, as they were one of the first German telecom units.
On 6 December 2001, Deutsche Telekom became the first official partner of the 2006 FIFA World Cup. On 1 January 2005, Deutsche Telekom implemented a new company structure. The two organizational business units of T-Com and T-Online were merged into the Broadband/Fixed Network (BBFN) strategic business unit (T-Online merged with parent Deutsche Telekom in 2006). It provides around 40 million narrowband lines, over 9 million broadband lines, and has 14 million registered Internet customers.
In 2008, the structure was changed again. T-Online was separated from Deutsche Telekom and merged with T-Com to form the new unit T-Home. In September 2010, Orange parent France Télécom and T-Mobile parent Deutsche Telekom merged their operations in the United Kingdom to create the largest mobile network in Britain, EE.
In April 2010, T-Mobile was merged with T-Home to form Telekom Deutschland GmbH. This unit now handles all products and services aimed at private customers. In October 2012, Deutsche Telekom and Orange created a 50-50% joint venture named BuyIn for regrouping their procurement operations and benefiting from economies of scale.
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Deutsche Telekom
Deutsche Telekom AG (German pronunciation: [ˌdɔʏtʃə ˈteːləkɔm ʔaːˌɡeː] ⓘ, lit. 'German Telecom'; often just Telekom, DTAG or DT; stylised as ·T·) is a partially state-owned German telecommunications company headquartered in Bonn and is the world-wide largest telecommunications provider by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was restructured. Since then, Deutsche Telekom has consistently featured among Fortune Magazine's top Global 500 companies by revenue, with its ranking as of 2023[update] at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company and biggest in Europe by revenue.
As of April 2020[update], the German government held a direct 14.5% stake in company stock and another 17.4% through the government bank KfW. On 4 June 2024, the German government reduced its total shareholding to 27.8%. The company is a component of the EURO STOXX 50 stock market index.
The Deutsche Bundespost was the German federal 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.
Deutsche Telekom was the monopoly Internet service provider (ISP) for Germany until its privatization in 1995, and the dominant ISP thereafter. Until the early 21st century, Deutsche Telekom controlled almost all Internet access by individuals and small businesses in Germany, as they were one of the first German telecom units.
On 6 December 2001, Deutsche Telekom became the first official partner of the 2006 FIFA World Cup. On 1 January 2005, Deutsche Telekom implemented a new company structure. The two organizational business units of T-Com and T-Online were merged into the Broadband/Fixed Network (BBFN) strategic business unit (T-Online merged with parent Deutsche Telekom in 2006). It provides around 40 million narrowband lines, over 9 million broadband lines, and has 14 million registered Internet customers.
In 2008, the structure was changed again. T-Online was separated from Deutsche Telekom and merged with T-Com to form the new unit T-Home. In September 2010, Orange parent France Télécom and T-Mobile parent Deutsche Telekom merged their operations in the United Kingdom to create the largest mobile network in Britain, EE.
In April 2010, T-Mobile was merged with T-Home to form Telekom Deutschland GmbH. This unit now handles all products and services aimed at private customers. In October 2012, Deutsche Telekom and Orange created a 50-50% joint venture named BuyIn for regrouping their procurement operations and benefiting from economies of scale.