Deutsche Telekom AG

European incumbent and majority owner of T-Mobile US

Overview

Deutsche Telekom is Germany’s incumbent operator and the largest European telecom group by sales. Its segments are Germany, United States, Europe (national operators in countries including Greece, Romania, Hungary, Poland and the Czech Republic), Systems Solutions, Group Development and Group Headquarters and Group Services.[2] The United States segment consolidates T-Mobile US; in February 2026 Deutsche Telekom said it held 52.8% of T-Mobile US’s capital and planned no sale of T-Mobile US shares in 2026.[7] Because of that consolidation, T-Mobile US does not appear separately in the Forbes data. Deutsche Telekom’s sales rose about 10% between the two datasets.[2]

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