Group structure, strategy, and management
With regard to our Group structure, strategy, and management, please refer to the notes in the 2016 combined management report (2016 Annual Report). The following changes were recorded as of the start of the year from the Group’s point of view:
We have created the new Board of Management department Technology and Innovation, in which we have pooled our Group’s overarching network, innovation, and IT tasks. This resulted in the following organizational changes: The Innovations, Telekom IT, and Technology units of our Germany, Europe, and Systems Solutions operating segments have been transferred into a separate Board department within the Group Headquarters & Group Services segment. Comparative figures have been adjusted retrospectively.
Since January 1, 2017, we have reported on the new Group Development operating segment. Group Development actively manages and increases the value of selected subsidiaries and equity investments of the Group. The following units and subsidiaries have been included: T-Mobile Netherlands (previously in the Europe operating segment), Deutsche Funkturm (DFMG, previously in the Germany operating segment), as well as Deutsche Telekom Capital Partners (DTCP) and the stakes in BT plc, Scout24 AG, Ströer SE & Co. KGaA, and Strato AG, which was sold as of March 31, 2017, (previously in the Group Headquarters & Group Services segment). The Group functions of Mergers & Acquisitions and Strategic Portfolio Management have also been assigned to Group Development. Comparative figures have been adjusted retrospectively.
For more information, please refer to the disclosures under segment reporting in the interim consolidated financial statements.