Principal subsidiaries

The Group’s principal subsidiaries are presented in the following table:

 
Name and registered office   Deutsche Telekom
share
 %
Net revenue c
millions of €
Profit (loss)
from operations c
millions of €
Shareholders’
equity c
millions of €
Average number
of employees
Segment
allocation
Telekom Deutschland GmbH, Bonn, Germany Dec. 31,2017/
2017
100.00 21,577 4,787 4,714 7,396 Germany
  Dec. 31,2016/
2016
100.00 21,429 4,483 4,484 12,118
T-Mobile US, Inc., Bellevue, Washington,
United States a, b
Dec. 31,2017/
2017
62.29 35,736 5,930 22,927 43,935 USA
  Dec. 31,2016/
2016
64.78 33,738 3,685 18,558 43,699
T-Systems International GmbH, Frankfurt/Main, Germany Dec. 31,2017/
2017
100.00 5,010 (1,536) 1,225 12,608 Europa
  Dec. 31,2016/
2016
100.00 6,009 (662) 122 18,261
Hellenic Telecommunications Organi-
zation S.A. (OTE), Athens, Greece a
Dec. 31,2017/2017 40.00 3,857 353 3,238 20,259 Europa
  Dec. 31,2016/
2016
40.00 3,908 60 3,255 20,713
Magyar Telekom Public Limited Company, Budapest, Hungary a, b Dec. 31,2017/
2017
59.44 1,975 248 2,295 9,094 Europa
  Dec. 31,2016/
2016
59.23 1,935 246 2,307 9,492
T-Mobile Netherlands Holding B.V., The Hague, Netherlands a, b Dec. 31,2017/
2017
100.00 1,355 201 2,520 1,262 Europa
  Dec. 31,2016/
2016
100.00 1,331 (307) 2,359 1,380
T-Mobile Polska S.A., Warsaw, Poland a, b Dec. 31,2017/
2017
100.00 1,509 684 2,119 4,379 Europa
  Dec. 31,2016/
2016
100.00 1,488 201 2,729 4,079
T-Mobile Czech Republic a.s., Prague,
Czech Republic a, b
Dec. 31,2017/
2017
100.00 1,011 211 1,846 3,437 Europa
  Dec. 31,2016/
2016
100.00 959 226 1,757 3,286
Hrvatski Telekom d.d., Zagreb, Croatia a, b Dec. 31,2017/
2017
51.00 1,039 144 2,208 5,032 Europa
  Dec. 31,2016/
2016
51.00 925 155 2,107 4,499
T-Mobile Austria Holding GmbH, Vienna, Austria a, b Dec. 31,2017/
2017
100.00 900 109 1,546 1,204 Europa
  Dec. 31,2016/
2016
100.00 855 132 1,422 1,138
Slovak Telekom a.s., Bratislava, Slovakia a, b Dec. 31,2017/
2017
100.00 748 108 1.434 3.499 Europa
  Dec. 31,2016/
2016
100.00 766 92 1,423 3,327
               
a Consolidated subgroup from Deutsche Telekom’s perspective.
b Indirect shareholding of Deutsche Telekom AG.
c IFRS figures of the respective subgroup.

In accordance with § 313 HGB, the full statement of investment holdings, which forms part of the notes to the consolidated financial statements, is published in the Federal Gazette (Bundesanzeiger) together with the consolidated financial statements. It is available upon request from Deutsche Telekom AG, Bonn, Investor Relations, and on Deutsche Telekom’s website ( www.telekom.com) under Investor Relations. Furthermore, the statement of investment holdings includes a full list of all subsidiaries that exercise simplification options in accordance with § 264 (3) HGB or disclosure simplification options in accordance with § 264 b HGB.
 

The following table shows the non-controlling interests for principal subsidiaries:

 
Name and registered office   Percentage of shareholding for non-controlling interests
 %
Percentage of voting rights for non-controlling interests
 %
Cumulative non-controlling interests c
millions of €
Dividends paid out to non-
controlling interestsn
millions of €
T-Mobile US, Inc., Bellevue, Washington, United States a, b Dec. 31,2017/
2017
37.71 37.71 8,424
  Dec. 31,2016/
2016
35.22 35.22 6,274
Hellenic Telecommunications Organi-
zation S.A. (OTE), Athens, Greece a
Dec. 31,2017/
2017
60.00 50.00 1,743 47
  Dec. 31,2016/
2016
60.00 50.00 1,740 29
Magyar Telekom Public Limited Company, Budapest, Hungary a, b Dec. 31,2017/
2017
40.56 40.56 670 34
  Dec. 31,2016/
2016
40.77 40.77 690 29
Hrvatski Telekom d.d., Zagreb, Croatia a, b Dec. 31,2017/2017 49.00 49.00 875 32
  Dec. 31,2016/
2016
49.00 49.00 815 32
           
a Consolidated subgroup from Deutsche Telekom’s perspective.
b Indirect shareholding of Deutsche Telekom AG.
c IFRS figures at the level of the consolidated financial statements of Deutsche Telekom.

Deutsche Telekom held 40 percent plus one vote of the shares in the OTE group as of the reporting date. In accordance with shareholder agreements between Deutsche Telekom and the Hellenic Republic, Deutsche Telekom has taken control of 50 percent plus two voting shares and therefore the OTE group’s financial and operating policy. Consequently, the OTE group companies are fully consolidated subsidiaries.

Summarized financial information for subsidiaries with significant non-­controlling interests:

millions of €
Name and registered office   Current
assets c
Non-current
assets c
Current
liabilities c
Non-current
liabilities c
Profit (loss) c Total comprehensive
income  c
T-Mobile US, Inc., Bellevue, Washington, United States a, b Dec. 31,2017/
2017
9,045 55,886 10,168 31,835 5,271 2,825
  Dec. 31,2016/
2016
15,317 53,032 14,296 35,495 1,150 1,791
Hellenic Telecommunications Organi-zation S.A. (OTE), Athens, Greece a Dec. 31,2017/
2017
2,393 5,514 2,723 1,946 54 62
  Dec. 31,2016/
2016
2,734 5,585 2,443 2,621 (202) (198)
Magyar Telekom Public Limited Company, Budapest, Hungary a, b Dec. 31,2017/
2017
663 3,349 730 987 123 121
  Dec. 31,2016/
2016
654 3,577 892 1,032 179 204
Hrvatski Telekom d.d., Zagreb, Croatia a, b Dec. 31,2017/2017 747 1.898 336 101 103 133
  Dec. 31,2016/
2016
751 1,686 249 82 114 128
               
a Consolidated subgroup from Deutsche Telekom’s perspective.
b Indirect shareholding of Deutsche Telekom AG.
c IFRS figures of the respective subgroup.
millions of €
Name and registered office   Net cash from
operating activities c
Net cash (used in) from
investing activities c
Net cash (used in) from
financing activities c
T-Mobile US, Inc., Bellevue, Washington, United States a, b 2017 6,847 (9,948) (966)
2016 5,586 (5,174) 354
Hellenic Telecommunications Organi-zation S.A. (OTE), Athens, Greece a 2017 782 (732) (334)
2016 1,003 (479) (260)
Magyar Telekom Public Limited Company, Budapest, Hungary a, b 2017 507 (181) (243)
2016 496 (285) (315)
Hrvatski Telekom d.d., Zagreb, Croatia a, b 2017 362 (185) (125)
2016 278 (358) (111)
         
a Consolidated subgroup from Deutsche Telekom’s perspective.
b Indirect shareholding of Deutsche Telekom AG.
c IFRS figures of the respective subgroup.