Press Releases

Deutsche Telekom Intends To Delist From The NYSE

 

Deutsche Telekom AG (the “Company”) intends to delist its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”) and to deregister and terminate its reporting obligations with the Securities and Exchange Commission (“SEC”). Deutsche Telekom’s Board of Management approved the decision at its meeting yesterday. Deutsche Telekom expects the delisting to become effective on or about June 21, 2010 following the close of the market in New York.

The main purpose of delisting is to reduce complexity in financial reporting and administrative costs. Deutsche Telekom remains committed to serve its investor base in the U.S. as well as to comply with the highest standards of corporate governance, transparent financial reporting. Deutsche Telekom will continue to maintain an open and direct dialog with its U.S. investors via its investor relations office in New York.

Deutsche Telekom plans to maintain an American Depositary Receipt program on a Level I basis, which is presumed to allow investors to hold their securities in the form of ADSs. Deutsche Telekom’s ordinary shares will continue to be traded on the Frankfurt Stock Exchange including XETRA, its integrated electronic securities trading system, as well as on the German regional stock exchanges.

Today, Deutsche Telekom will provide written notice to the NYSE of its intent to delist. The Company plans to submit the related Form 25 with the SEC on or about June 11, 2010 and expects delisting to become effective ten days later, from which time the Company’s ADSs will no longer be traded on the NYSE.

Once the delisting has become effective and the Company meets the criteria for deregistration, it intends to file Form 15F with the SEC in order to deregister all classes of its registered securities, including its equity securities and all classes of registered debt securities issued by Deutsche Telekom International Finance B.V. and guaranteed by Deutsche Telekom. Deregistration is expected to become effective 90 days later.

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