Deutsche Telekom

Deutsche Telekom AG (short form often just Telekom, DTAG or DT; stylised as ·T·) is a German telecommunications company headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. It was formed in 1995 when , a state monopoly at the time, was privatized. Since then, Deutsche Telekom has consistently featured among Fortune Magazine's top Global 500 companies by revenue, with its ranking at number 62. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. , the German government held a direct 14.5% stake in company stock and another 17.4% through the government bank KfW. The company is a component of the EURO STOXX 50 stock market index. History The was the German federal government postal administration created in 1947 as a successor to the Reichspost. It was also the major telephone company in West Germany. On 1 July 1989, as part of a post office reform, was split into three entities, one being Deutsche Telekom. On 1 January 1995, as part of another reform, Telekom became Deutsche Telekom AG, and was privatized in 1996. As such, it shares a common heritage with the other privatized companies, Deutsche Post (DHL) and Deutsche Postbank.