Deutsche Telekom AG — M&A Activity 2001

May 31, 2001

News Details

Ad-hoc | 31 May 2001 08:16

Deutsche Telekom AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Deutsche Telekom: Decision on capital increase for acquisition of VoiceStream and Powertel The Board of Management of Deutsche Telekom AG has decided to use part of the approved capital in accordance with Paragraph 5 (2) of the company’s articles of incorporation for the purpose of the acquisition of VoiceStream Wireless Corporation, Delaware, USA, and Powertel, Inc., Delaware, USA. The Supervisory Board of Deutsche Telekom AG has approved this measure. As such, the company will increase its capital stock from its current level of Euro 7,755,786,327.04 by a total of Euro 2,990,459,880.96 to Euro 10,746,246,208 through the issue of 1,168,148,391 no par value registered shares. In addition, Deutsche Telekom is to make a cash payment totaling US-Dollar 4,228,191,724.36 to the former VoiceStream shareholders (this equates to a total of Euro 4,937,745,795.12 based on the exchange rate of May 30, 2001). The capital increase is expected to be entered in the appropriate commercial register today. The new shares are to be traded on the Frankfurt stock market and other markets from Monday, June 4, 2001. end of ad hoc announcement (c) DGAP 31.05.2001 ——————————————————————————– WKN: 555750; Index: DAX, EURO STOXX 50 Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, Stuttgart und München; EUREX; New York (ADS); Tokio; Toronto 310816 Mai 01