Deutsche Telekom

Deutsche Telekom AG {{NYSE|DT}} (abbreviated DTAG) is the biggest German telecommunications company and also the biggest in Europe. It was formerly the telecommunications branch of the state-owned monopolist Deutsche Bundespost, which was split into three parts and privatized in 1996. As of 2005, the German government still holds a 15.7% stake in company stock.

Related Topics:
AG - German - Telecommunications - Deutsche Bundespost - 1996 - 2005

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Its headquarters are in Bonn.

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On March 10, 2003, Deutsche Telekom reported an annual loss of ?24.6 billion due to the depreciation of intangible assets.

Related Topics:
March 10 - 2003 - Asset

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On July 16, 2002 the former CEO Ron Sommer stepped down due to pressure and dissatisfaction from stock holders and the German government. For a transitional period of 6 months, the 72 year old Helmut Sihler was appointed as his successor. On November 15, 2002 Kai-Uwe Ricke, former chief of the Deutsche Telekom subsidiary T-Mobile, was appointed CEO of Deutsche Telekom AG.

Related Topics:
July 16 - 2002 - Ron Sommer - Helmut Sihler - November 15 - Kai-Uwe Ricke

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On October 8, 2004 it has announced its intention to buy the remaining 26.07% of T-Online shares at the market price of ?8.99. They were sold in 2000 three times more.

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