Deutsche Telekom AG

ots Ad hoc-Service: Deutsche Telekom AG Deutsche Telekom reschedules plans for initial public offering of T-Mobile International AG

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    Bonn (ots Ad hoc-Service) -    

    The Board of Management of Deutsche Telekom AG has decided to reschedule the preparations for the planned initial public offering of the company's subsidiary T-Mobile International AG. The original plan was for trading in T-Mobile shares to start in autumn 2000. A final decision on the offering has not yet been taken.

    The planned acquisition of the American mobile communications company VoiceStream, announced on July 24, considerably makes the task of preparing the necessary listing prospectuses considerably more complex. Furthermore, potential investors are also setting more stringent requirements regarding the presentation of the future orientation of Deutsche Telekom's mobile communications business and, more particularly, of T-Mobile International AG.

    Deutsche Telekom has taken this decision in response to these justified interests. Along with meeting all listing requirements in full, providing full and complete information for investors has always been Deutsche Telekom's top priority. This demanding necessity also includes the need to make transparent the actual value of Deutsche Telekom's various business areas in order to achieve a sustained increase in shareholder value. This includes making clear the growth and synergy potential of the Deutsche Telekom mobile communications activities consolidated within T-Mobile, including VoiceStream.

    In view of the company's responsibility as one of the largest companies on the European capital market, the Board of Management of Deutsche Telekom has decided to revise the schedule for the T-Mobile share offering. Deutsche Telekom will inform the public of further developments at the appropriate time.

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