Deutsche Telekom

Partially privatized German telecommunications company

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From Wikipedia

Deutsche Telekom AG (German pronunciation: [ˌdɔʏtʃə ˈteːləkɔm ʔaːˌɡeː] , lit. 'German Telecom'; often just Telekom; stylised as ·T·) is a partially state-owned German telecommunications company headquartered in Bonn and is Europe's 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 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 third-largest telecommunications company by revenue. As of April 2020, 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 DAX and the EURO STOXX 50 stock market indices.

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