Operating the autobahn on the global information superhighway, Deutsche Telekom (DT) is a leading telecom company in Europe and one of the largest carriers in the world. The company's core business is its services and products for fixed-network and mobile communications services, as well as for enterprise information and communication technology (ICT). Germany's #1 fixed-line telephone operator, it provides domestic and international long-distance voice services. It is a leading ISP, offering other data and multimedia services such as its Entertain-branded Internet television. DT's T-Systems International delivers ICT services for businesses. About three-quarters of sales come from Europe.
Deutsche Telekom (DT) operates through its subsidiary in more than 50 countries worldwide. The company gets more than half of its revenue from outside Germany. While DT has an impressive global reach, customers in Germany still comprise its largest single market, accounting for almost 45% of sales; its customers in Europe are essentially in Eastern European countries.
DT offers goods & services through subsidiaries in 15 European countries, including Austria, Croatia, the Czech Republic, Greece (through a 30% stake in OTE) Hungary (Magyar Telekom), the Netherlands, and Poland (Polska Telefonia Cyfrowa).
Outside Germany and Eastern Europe, the company's key international wireless subsidiaries are T-Mobile USA and T-Mobile (UK). The UK is the group's third-largest market, with about 17 million subscribers.
Net revenue in fiscal 2012 was down by 1% compared with the prior year. Intense competition, price changes imposed by regulatory authorities, and the strained economic situation in most countries in its Europe operating segment had a negative effect.
Mergers and Acquisitions
In 2012 DT and MetroPCS Communications signed a definitive agreement to combine T-Mobile USA and MetroPCS. The transaction, which is expected to close in mid-2013, will create a leading carrier in the US wireless marketplace.
The German government and German state-owned development bank KfW together own about 32% of Deutsche Telekom.
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