Annual Report 2013

Significant events after the reporting period.

Agreement on the acquisition of spectrum licenses in the United States. In January 2014, T-Mobile US entered into a purchase agreement with Verizon Wireless for the acquisition of 700 MHz A-block spectrum licenses for approximately USD 2.4 billion in cash and the exchange of certain Advanced Wireless Service (AWS) and Personal Communication Service (PCS) spectrum licenses. The acquired spectrum covers more than 150 million people in 23 markets, which corresponds to approximately 50 percent of the U.S. population or 70 percent of T-Mobile US’s existing customer base. The transaction is subject to regulatory approval and expected to result in a non-cash gain upon closing in mid-2014.

T-Mobile US Un-carrier strategy 4.0. In the latest move of its Un-carrier strategy in January 2014, T-Mobile US launched phase 4.0 of its Un-carrier value proposition, which reimburses customers’ early termination fees when they switch from other carriers.

Agreements on the sale of the Scout24 group. In November 2013, we agreed to sell 70 percent of the shares in Scout24 Holding GmbH to Hellman & Friedman LLC (H&F) on the basis of an enterprise value of EUR 2.0 billion. The relevant authorities gave their approval on January 24, 2014. In future we will continue to hold a share of 30 percent in the Scout24 group, which is assigned to the Group Headquarters & Group Services segment, and, as such, will go on profiting from Scout24’s future value accretion. The transaction was completed on February 12, 2014.

Irrespective of this, by acquiring 100 percent of the shares in Scout24 International Management AG, Ringier Digital AG took over effective January 23, 2014 the 57.6 percent stake in Scout24 Schweiz AG that was held indirectly by Scout24 Holding GmbH.

These disposals are expected to generate cash inflows totaling approximately EUR 1.6 billion and book profits of around EUR 1.7 billion.

Acquisition of residual non-controlling interest in T-Mobile Czech Republic. On February 7, 2014 we signed a purchase agreement for the acquisition of the remaining 39.23 percent of shares in T-Mobile Czech Republic, which we did not yet own, for a purchase price of EUR 0.8 billion. This transaction furthers our development to become the leading pan-European integrated telecommunications provider. T-Mobile Czech Republic had already been fully consolidated in the Europe operating segment. This transaction is not subject to regulatory approval. The transaction is scheduled to be completed at the end of February 2014.

For details on the developments in January 2014 regarding changes in the claims for damages due to the price squeeze and MetroPCS, please refer to the section “Risk and opportunity management.”