Revenue distribution by industry:

• Telecommunications services: approx. 75%
• IT services: approx. 15%
• Other services: approx. 10%

TOP 3 markets and their percentage shares of total revenue:

• Germany: approx. 35%
• USA: approx. 45%
• Europe (excluding Germany): approx. 15%

Deutsche Telekom AG generates the majority of its revenue from telecommunications services, including both mobile and fixed-line services. The US market, particularly through its subsidiary T-Mobile US, is the largest individual market and significantly contributes to the total revenue. Germany remains a strong domestic market, while the rest of the European market also makes an important contribution. The diversification into IT services demonstrates Deutsche Telekom's efforts to expand its sources of income.

Production Sites: Worldwide, with a focus on Europe and the USA

Deutsche Telekom AG is primarily a service company in the field of telecommunications and information technology. It does not operate traditional production facilities in terms of manufacturing plants for physical products. Instead, the company focuses on operating telecommunications infrastructure, such as mobile networks and internet services.

The physical hardware necessary for operating these services is usually produced by third-party providers and specialized manufacturers. These manufacturers are often located in Asia, especially in countries like China and South Korea, where many of the world's leading technology companies are based.

In Europe and the USA, Deutsche Telekom operates extensive network infrastructures and data centers that are crucial for providing its services.

Revenue Growth: Estimated 4-5% annually (2025-2027)

Investments in 5G: Over 2 billion euros annually (2025)

Digitalization and Cloud Services: Increase in investments by 10% annually

Deutsche Telekom AG is pursuing a multi-track growth strategy that strongly focuses on expanding its 5G infrastructure. The company is continuously investing in expanding the 5G network to ensure comprehensive coverage and unlock new business opportunities in the Internet of Things (IoT) sector.

In addition, Deutsche Telekom places a strong emphasis on digitalization and expanding its cloud services. This includes partnerships with leading technology companies to strengthen its position in the digital services sector. This strategy aims to tap into new revenue sources and reduce dependence on traditional telecommunications services.

Another important aspect of the growth strategy is international expansion, particularly in the United States, where its subsidiary T-Mobile US plays a key role. Through the merger with Sprint, T-Mobile US has significantly strengthened its market position, leading to significant revenue growth in this market.

Main materials: Fiber optic cables, copper, electronic components

Countries of origin:

• Fiber optic cables: China, USA
• Copper: Chile, Peru
• Electronic components: China, South Korea, Taiwan

Deutsche Telekom AG imports a variety of materials necessary for the expansion and maintenance of its telecommunications infrastructure. Fiber optic cables and copper are essential raw materials for network expansion. Fiber optic cables are mainly sourced from China and the USA, as these countries are leading in the production and technology of fibers.

Copper, another important raw material, is predominantly imported from Chile and Peru, which are among the largest copper producers worldwide. Electronic components needed for the manufacturing of network equipment and end devices mainly come from Asian countries such as China, South Korea, and Taiwan, known for their advanced electronics industry.

These import strategies enable Deutsche Telekom to efficiently expand its infrastructure and keep it up to date with the latest technology.

Market share in Germany: approx. 40% (2024)
Revenue growth: 6.2% (2024)
EBITDA margin: 32% (2024)

Deutsche Telekom AG has a significant competitive advantage, especially in the German market, where it holds a market share of about 40%. This strong market share enables the company to benefit from economies of scale and to offer its services more efficiently than many competitors.

The revenue growth of 6.2% in 2024 shows that the company is able to continuously increase its income, indicating a successful strategy for market expansion and product diversification. The EBITDA margin of 32% underscores the high profitability of the company, pointing to effective cost control and strong pricing power.

In addition, Deutsche Telekom benefits from its international presence, particularly through its subsidiary T-Mobile US, which significantly contributes to the total revenue. This diversification reduces risk and strengthens the company's competitive position on a global scale.

Institutional investor share: approx. 65% (2025, estimated)

Insider purchases/sales: No significant transactions in the last year (2025, estimated)

The institutional investor share in Deutsche Telekom AG traditionally stands at a high percentage, as the company is considered a stable and attractive value for long-term investments. Major institutional investors such as pension funds and investment companies hold significant stakes.

In 2025, there were no significant insider purchases or sales, indicating a stable trust of the management in the future development of the company. Such transactions are often seen as an indicator of the management's assessment of the company's future performance.

Market Share Deutsche Telekom AG: 38% (2025, estimated)

Main Competitors and their Market Shares:

1. Vodafone Group: 25%
2. Telefónica Deutschland: 15%
3. 1&1 AG: 10%
4. United Internet AG: 7%
5. Drillisch AG: 5%

Deutsche Telekom AG holds the leading position in the German telecommunications market with an estimated market share of 38%. The largest competitor, Vodafone Group, follows with a market share of 25%. Telefónica Deutschland and 1&1 AG are also significant players, but with significantly lower shares.

The moat of Deutsche Telekom is significant as the company has an extensive network infrastructure portfolio that is difficult to replicate. This includes both the mobile network and the fixed-line network, creating a high barrier to entry for new competitors. Additionally, Deutsche Telekom benefits from strong brand values and a broad customer base.

Compared to its competitors, Deutsche Telekom has a strategic advantage due to its international presence, particularly in the USA through T-Mobile US. This provides additional economies of scale and diversification opportunities that further strengthen the moat.

While Vodafone also has a strong international presence, its position in the German market is weaker. Telefónica Deutschland and 1&1 AG have less extensive infrastructures and are more reliant on partnerships, weakening their moat compared to Deutsche Telekom.

Revenue growth: 4.5% (2024)
Profit growth: 3.8% (2024)
Market share in the European telecommunications market: 20% (2024)

In recent years, Deutsche Telekom AG has recorded steady revenue and profit growth. With a revenue growth of 4.5% and a profit growth of 3.8% in 2024, the company demonstrates solid financial performance. These growth rates are an indicator of the company's ability to operate successfully in a competitive market environment.

A key factor contributing to the attractiveness of the stock is Deutsche Telekom's strong market position in the European telecommunications market, where it holds a market share of approximately 20%. This position enables the company to benefit from economies of scale and offer its services more efficiently.

Additionally, Deutsche Telekom is continuously investing in expanding its infrastructure, particularly in the areas of 5G and fiber optic networks. These investments are crucial to securing future growth and leveraging technological advancements.

Overall, Deutsche Telekom AG's stock could be a good investment, especially for investors interested in stable, long-term growth. The strong market position and strategic investments in new technologies indicate the company's potential to continue to be successful in the future.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous payout over the last 5 years

Deutsche Telekom AG is known for distributing a reliable dividend to its shareholders. In recent years, the company has maintained its dividend policy and regularly paid dividends.

The dividend yield is estimated to be around 3.5% for 2025, based on current market conditions and historical payout policy. Deutsche Telekom has demonstrated stable financial performance in the past, supporting the reliability of its dividend payments.

Analysts expect the dividend policy to remain stable as the company has solid revenue sources and a strong market position.