Who Owns Deutsche Telekom AG?
Updated onExplore the ownership hierarchy of Deutsche Telekom AG. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Deutsche Telekom AG
Deutsche Telekom AG is one of the world’s leading integrated telecommunications companies, providing fixed-line, mobile, broadband, TV, and ICT services worldwide from its headquarters in Bonn, Germany.
Deutsche Telekom AG appears to be independent with no known parent company.
Deutsche Telekom AG
Deutsche Telekom AG is one of the world’s leading integrated telecommunications companies, providing fixed-line, mobile, broadband, TV, and ICT services worldwide from its headquarters in Bonn, Germany.
Deutsche Telekom AG appears to be independent with no known parent company.
Major Shareholders
Deutsche Telekom AG
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
KfW Bankengruppe (Kreditanstalt für Wiederaufbau) German state-owned development bank; Deutsche Telekom’s shareholder-structure tables show KfW holding about 696.8m shares, or roughly 14.2% of share capital as of September 30, 2025. Together with the federal government’s direct stake, this leaves the German state with just over one quarter of Deutsche Telekom’s shares. | Government | 14.2% | 14.2% | Sep 2025 |
Federal Republic of Germany (Bund) The German federal government directly holds around 689.6m Deutsche Telekom shares, or about 14.1% of the company, based on the official shareholder-structure data as of September 30, 2025. Including KfW’s stake, the overall government-related holding is a little above 28% of the share capital. | Government | 14.1% | 14.1% | Sep 2025 |
BlackRock, Inc. A July 3, 2025 German major-holdings (WpHG) notification shows BlackRock with 277,475,848 Deutsche Telekom shares, corresponding to 5.56% of voting rights via shares plus 0.08% via derivatives, for a total of 5.64% of voting power as of July 1, 2025. | Institutional | 5.6% | 5.6% | Jul 2025 |
The Vanguard Group, Inc. US asset manager Vanguard is reported in late‑2025 ownership data as holding about 147–148m Deutsche Telekom shares, equating to just over 3.1% of shares outstanding as of October 31, 2025. | Institutional | 3.1% | 3.1% | Oct 2025 |
Deutsche Asset & Wealth Management (DWS) Deutsche Bank’s asset‑management arm (DWS) appears among the top institutional holders with roughly 82.9m shares, or about 1.74% of Deutsche Telekom’s equity, based on disclosures as of November 29, 2024. | Institutional | 1.7% | 1.7% | Nov 2024 |
Deutsche Telekom AG (treasury shares) According to Deutsche Telekom’s 2024 annual report and share-ownership summaries, the company itself holds about 86m treasury shares, representing roughly 1.7% of share capital at December 31, 2024; voting rights on these treasury shares are suspended under German law. | Corporate | 1.7% | 0.0% | Dec 2024 |
Amundi Asset Management SAS French asset manager Amundi is disclosed as owning around 50.7m Deutsche Telekom shares, equivalent to about 1.06% of the company as of March 31, 2025. | Institutional | 1.1% | 1.1% | Mar 2025 |
SoftBank Group Corp. SoftBank, which previously held a larger strategic stake, is shown in Deutsche Telekom’s shareholder-structure tables with about 21.2m shares, or roughly 0.4% of the share capital as of September 30, 2025, following earlier transactions that significantly reduced its holding. | Corporate | 0.4% | 0.4% | Sep 2025 |
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