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Deutsche Telekom history
Deutsche Telekom company history timeline
On January 1st, 1995, Deutsche Bundespost Telekom was transformed into a public stock company and renamed Deutsche Telekom AG.
In June 1995 Deutsche Telekom announced a strategic alliance with French carrier France Telecom and American phone company Sprint called Global One.
On November 18, 1996, Deutsche Telekom AG began trading on the Frankfurt and New York stock exchanges.
In 1996, Goldman Sachs serves as joint global coordinator on the US$13 billion privatization of Deutsche Telekom AG, Europe’s largest telecommunications service provider.
Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized.
However, the law required the German government to be the majority shareholder in the former Bundespost companies for at least five more years and extended the monopolies for postal and phone services until the end of 1997.
In 1998 mobile phone services accounted for about one-fifth of Deutsche Telekom's revenues.
1998: The German fixed-network telephone market is opened to competition.
The company had allegedly written down the balance-sheet value of its real estate by EUR 2 billion, which reduced profits for the year 2000 by EUR 1.5 billion--based on German accounting law.
In September 2001, five years after Deutsche Telekom's IPO, its shares were valued below the initial share price for institutional investors.
In the first quarter of 2001 Deutsche Telekom once again restructured its business organization.
2001: Deutsche Telekom takes over American mobile phone service providers VoiceStream and Powertel.
Time changed again and the new structure of the company emerged in 2005 where two organizational business units of T-Com and T-Online were merged into the Broadband/Fixed Network (BBFN) strategic business units.
In the year 2006 the company eventually became the official partner of the FIFA world cup.
As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW.
With its strong growth, they have seen an upward trend in their revenues by 9.3% to 17.1 billion Euros by the year 2015.
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Deutsche Telekom competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| 9mobile | - | $140.0M | 1,584 | - |
| Iridium Communications | 2000 | $830.7M | 498 | 36 |
| iBASIS | 1996 | $1.2B | 420 | - |
| KMC Telecom Holdings Inc | 1995 | $480.0M | 1,266 | - |
| ExteNet Systems | 2002 | $2.6M | 125 | 1 |
| NII Holdings | 1995 | $870.0M | 16,089 | - |
| Global Crossing | 1997 | $2.5B | 5,235 | 35 |
| NetWorth | 1993 | - | 7,501 | - |
| Zayo Group | 2007 | $2.6B | 3,774 | 35 |
| Cable & Wireless Communications | 2010 | $1.8B | 7,200 | - |
Deutsche Telekom history FAQs
Zippia gives an in-depth look into the details of Deutsche Telekom, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Deutsche Telekom. The employee data is based on information from people who have self-reported their past or current employments at Deutsche Telekom. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Deutsche Telekom. The data presented on this page does not represent the view of Deutsche Telekom and its employees or that of Zippia.
Deutsche Telekom may also be known as or be related to Deutsche Telekom, Deutsche Telekom Inc and Deutsche Telekom, Inc.