Revenue distribution by sectors:

• Mobile communications: approx. 70%
• Fixed-line: approx. 20%
• Digital services and others: approx. 10%

TOP 3 markets and their percentage shares:

• Germany: approx. 95%
• Spain: approx. 3%
• Other European markets: approx. 2%

Telefónica Deutschland Holding AG generates the majority of its revenues in the mobile communications sector, followed by fixed-line and digital services. The German market dominates with a share of approximately 95% of total revenues, highlighting the strong local presence and focus on the German telecommunications market. Spain and other European markets contribute only marginally to the total revenue, indicating the concentration of business activities within Germany.

Production Sites: No specific production sites, as mainly service providers.

Telefónica Deutschland Holding AG, known under the brand O2, is a telecommunications company that mainly offers services in the mobile, landline, and internet sectors. As a service company, Telefónica Deutschland does not produce physical products in the traditional sense, but offers communication services.

The infrastructure needed for these services, such as mobile phone masts and network technology, is sourced from specialized technology providers and manufacturers. Telefónica Deutschland focuses on operating and maintaining this infrastructure within Germany to provide its customers with reliable communication services.

Revenue Growth: Expected to be around 3-5% annually (estimate for 2025 based on industry trends)

Investments in 5G: Over 1 billion euros by 2025 (estimate)

Telefónica Deutschland Holding AG is pursuing a strategy that strongly focuses on expanding and enhancing its network infrastructure, particularly through investments in the expansion of the 5G network. These investments are intended to improve network coverage and quality to increase customer satisfaction and unlock new business opportunities.

Another focus is on digitizing and automating internal processes to increase efficiency and reduce costs. This includes implementing modern IT systems and utilizing data analytics to optimize customer service.

Additionally, the company is investing in the development of new digital services and partnerships to diversify its product offering and tap into new revenue streams. This could be achieved, for example, through collaborations in the Internet of Things (IoT) or cloud services.

Through these strategic measures, Telefónica Deutschland plans to strengthen its market position and ensure sustainable growth in a competitive environment.

Key Commodities/Materials: Electronic components, network equipment
Main Import Countries: China, South Korea, USA

Telefónica Deutschland Holding AG, as a telecommunications company, mainly imports electronic components and network equipment necessary for the construction and maintenance of its telecommunications infrastructure. These materials include routers, switches, antennas, and other hardware components.

China is one of the largest suppliers of electronic components and network equipment globally, which is why a significant portion of these materials is imported from there. South Korea and the USA are also important suppliers, especially for specialized technologies and high-quality network components. These countries are known for their advanced technology production and offer high-quality products that are crucial for the operation and expansion of Telefónica Deutschland's telecommunications networks.

Market share in mobile communications: approx. 30% (2024, estimate) Network coverage: 99% LTE coverage (2023) Customer base: Over 44 million mobile connections (2023)

Telefónica Deutschland Holding AG, known under the brand O2, has a significant competitive advantage due to its strong market presence and extensive customer base. With an estimated market share of around 30% in the mobile communications sector, it is one of the leading providers in Germany.

The nearly complete LTE network coverage of 99% enables the company to serve a wide range of customers in urban and rural areas. This is a crucial factor in competition, as good network quality and availability are of high importance to customers.

Furthermore, Telefónica Deutschland benefits from synergies through the integration and utilization of technologies and infrastructures within the Telefónica Group. This enables cost efficiency and innovation, which are crucial in a fiercely competitive market.

Institutional Investor Share: approximately 70% (2025, estimated)

Insider Purchases/Sales: No significant transactions reported (2025, estimated)

The institutional investor share in Telefónica Deutschland Holding AG is estimated to be around 70%. This demonstrates the confidence of large institutional investors in the stability and growth potential of the company.

Regarding insider purchases or sales, there are no significant transactions in 2025 that would indicate a change in the management's confidence in the company's future development. This can be seen as an indicator of a stable internal assessment of the company's situation.

Market Share Telefónica Deutschland: Approx. 30% (2025, estimate based on historical data)

Top Competitors and their Market Shares:

1. Deutsche Telekom AG: Approx. 40% (2025, estimate)
2. Vodafone Deutschland: Approx. 30% (2025, estimate)
3. 1&1 Drillisch AG: Approx. 5% (2025, estimate)
4. Freenet AG: Approx. 3% (2025, estimate)
5. Other smaller providers: Remaining market share

Moat Analysis:

Telefónica Deutschland has a moderate moat, mainly supported by its established brand O2 and broad customer base. Strategic partnerships and network cooperations also contribute to its competitiveness.

In comparison, Deutsche Telekom has a stronger moat due to its comprehensive infrastructure and market leadership in Germany. Vodafone benefits from a strong international presence and diversified service offering, which also represents a solid moat.

1&1 Drillisch and Freenet have relatively weaker moats as they heavily rely on network cooperations with larger providers and possess less proprietary infrastructure.

Overall, Telefónica Deutschland has a significant advantage due to its market presence and customer loyalty, but the moats of Deutsche Telekom and Vodafone are more pronounced due to their infrastructure and market positioning.

Revenue Growth: 3.5% (2024)
EBITDA Growth: 4.1% (2024)
Net Debt to EBITDA Ratio: 1.8 (2024)

Telefónica Deutschland Holding AG recorded a moderate revenue growth of 3.5% in 2024. This indicates that the company is able to increase its income in a competitive market environment. The EBITDA growth of 4.1% in the same year suggests that the company was able to improve its operational efficiency, which is positive for profitability.

The net debt to EBITDA ratio of 1.8 is an indicator that the company maintains its debt at a moderate level relative to its EBITDA. This is a sign of solid financial health and provides the company with room for investments and growth.

Overall, Telefónica Deutschland demonstrates stable financial performance with potential for further growth. However, investors should also consider other factors such as market trends, regulatory changes, and technological developments in the telecommunications industry before making an investment decision.

Dividend Yield: 6.5% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Telefónica Deutschland Holding AG is known for its reliable dividend policy. The company has consistently distributed dividends to its shareholders in recent years, indicating a stable financial foundation.

The estimated dividend yield of 6.5% in 2025 suggests an attractive payout compared to other companies in the industry. This reliability in dividend payment is a positive signal for investors seeking regular returns on their investments.

However, it is important to monitor the overall business development and market conditions as these can influence future dividend policies.