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Debt Issuance Programme ProspectusD
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Responsibility StatementDeutsche Te
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to form and content, and all rights
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Maturities:Form of Notes:Fixed Rate
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Summary in respect of Risk FactorsR
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Notes may not be a suitable investm
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Internationalisation and Sustainabi
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German Translation of the SummaryDi
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Besteuerung:Vorzeitige Rückzahlung
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Zusammenfassung der RisikofaktorenZ
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Zusammenfassung der Risikofaktoren
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Unternehmen aus diesem Grund zusamm
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Risk FactorsProspective investors s
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markets. These developments could,
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consumer regulation at the federal
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Existing mobile substitution effect
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exacerbated by the global economic
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are subject to several individual l
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While Deutsche Telekom believes tha
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exposed to the risk of an unfavoura
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principal under such Notes may even
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Statement of cash flows (page 9 in
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otherwise agreed between the Issuer
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DESCRIPTION OF BUSINESSGroup Organi
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In February 2011, T-Mobile Czech Re
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2010. The demand for ever-faster da
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Special Requirements Applicable to
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Local Loop AccessDeutsche Telekom h
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Incumbent network operators are obl
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(e.g., avoid disclosure or blocking
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PTC as Deutsche Telekom clarified t
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combinations of businesses where De
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For more information on the effects
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• Other operating expenses increa
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345Includes expense relating to a c
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investment levels to remain approxi
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products and technologies, these in
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Reconciliation of Net Debt31 Dec. 2
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Deutsche Telekom's cash outflows fo
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1In addition to the fixed-network l
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Development of Operations2011 2010
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to upgrade its mobile network, prov
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Czech Republic. Deutsche Telekom ha
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decrease mobile termination rates,
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The decrease in adjusted EBITDA in
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In 2011, the United States operatin
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The increase in total revenue in 20
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solutions. It also manages and deve
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In 2010, T-Systems substantially ex
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2011 2010 Change ChangeOf which: Vi
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conditions for additional capital m
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For additional information on the c
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Employees in the Group 31 Dec. 2011
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Civil servants employed by Deutsche
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Selected Financial InformationDeuts
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(Vorlagebeschluesse) with respect t
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Court of Justice annulled these jud
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- Page 129 and 130: Terms and ConditionsThis Series of
- Page 131 and 132: "Global Note" means [the/any] [Temp
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- Page 135 and 136: 7 February 1992), the Amsterdam Tre
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- Page 163 and 164: (i)[Referenz-Preis einfügen] (der
- Page 165 and 166: [(e)(f)von einer Zahlstelle abgezog
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- Page 177 and 178: Tag der Begebung: [ ]These are the
- Page 179 and 180: CURRENCY, DENOMINATION, FORM AND TI
- Page 181 and 182: INTEREST (§ 4) 8ZINSEN (§ 4)o Fix
- Page 183 and 184: oooooo ISDA Determination 9ISDA-Fes
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- Page 189 and 190: German Securities Code [ ]Deutsche
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- Page 207 and 208: 4. United KingdomEach Dealer has re
- Page 209 and 210: Names and AdressesIssuersDeutsche T
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