for the fiscal year 2025 and 2024 in €k
Intangible assets
Software / licenses
556,860
96,648
22,016
50,786
–395
681,884
207,976
88,754
21,837
-
–245
274,649
78
348,884
407,157
Spectrum licenses
1,070,187
82,085
40,819
122,904
988,102
947,283
Trademarks
215,409
–3,179
212,229
5,777
4,400
10,177
209,632
202,053
Customer base
1,239,769
–1,188
1,238,581
1,031,720
80,813
0
–1,213
1,111,321
208,048
127,260
Goodwill
3,676,428
–4,381
3,672,047
43,684
120
43,805
5,097
3,632,744
3,623,146
Rights similar to concessions
165,000
148,500
16,500
Internally generated intangible assets
77,893
9,233
246
110
86,991
35,041
8,179
36
43,011
42,852
43,980
Other intangible assets
73,506
211
26
73,691
71,168
76
71,218
2,338
2,473
Rights of use from leases
9,282
7,690
1,591
Payments on account
61,846
50,389
171
–50,975
–5
61,085
Total (I)
7,146,180
156,482
22,458
–189
–9,038
7,270,977
1,633,642
241,133
22,108
–1,301
1,851,366
5,175
5,512,538
5,414,436
Property, plant and equipment
Land and buildings
39,294
7,398
676
27,303
–848
72,471
16,191
1,279
–300
–7,860
–55
9,854
23,103
62,617
Telecommunication equipment
1,676,784
184,833
87,177
94,530
1,868,969
756,610
128,106
83,073
801,643
920,174
1,067,326
Network infrastructure
266,253
7,946
8,187
10,563
276,576
144,938
10,682
7,456
148,164
121,315
128,412
Operating and office equipment
1,089,738
170,880
49,349
27,802
–14,299
1,224,771
501,512
140,825
42,094
7,887
–10,791
597,339
173
588,226
627,260
399,017
169,477
4,011
–162,743
–88
401,651
11,546
10,833
3,524
18,856
387,471
382,796
Leasing
1,752,813
422,010
95,584
2,735
–832
2,081,142
648,088
164,209
47,154
–27
–560
764,556
627
1,104,725
1,315,960
Total (II)
5,223,899
962,544
244,984
189
–16,068
5,925,581
2,078,884
455,935
183,001
--
–11,406
2,340,411
799
3,145,015
3,584,371
Total
12,370,079
1,119,026
267,442
–25,106
13,196,558
3,712,527
697,067
205,109
–12,708
4,191,777
5,974
8,657,553
8,998,807
2025
Acquisition and production costs
Accumulated depreciation
NET BOOK VALUE
Jan. 1, 2025
Additions
Disposals
Reclassifications
Exchange rate differences
Dec. 31, 2025
Discontinued Operations
Dec. 31, 2024
The depreciation and amortization amounts reported in the Statement of Fixed Assets are not directly comparable with the figures in the Notes to the Financial Statements, as the AdTech business segment is classified as a discontinued operation.
247,090
78,665
20,533
251,288
351
154,635
73,525
19,860
–574
250
92,456
41,266
1,028,921
213,460
2
1,950
5,778
207,682
1,238,396
1,373
921,489
108,935
1,297
316,908
3,672,371
4,057
43,522
162
3,628,849
115,500
33,000
49,500
66,664
11,119
8
118
28,468
6,535
38
38,196
73,513
33
–1
71,183
15
31
2,330
6,099
3,182
262,410
53,634
–254,198
7,018,373
143,444
20,575
–2,910
7,848
1,387,940
264,420
19,892
1,749
5,630,433
37,798
729
355
770
15,898
614
354
21,900
1,432,196
121,401
60,231
183,418
690,029
119,455
53,448
574
742,166
268,315
470
12,943
10,412
146,243
10,328
11,633
122,071
700,098
235,017
50,304
196,276
8,652
420,749
122,899
48,800
6,664
279,349
454,031
336,283
3,837
–387,547
87
8,650
4,333
1,437
445,380
1,329,878
478,984
56,487
438
535,431
133,202
20,833
287
794,447
4,222,314
1,172,884
184,156
2,910
9,948
1,817,001
390,830
136,505
6,984
2,405,313
11,240,687
1,316,328
204,732
17,796
3,204,941
655,250
156,397
8,733
8,035,746
2024
Jan. 01, 2024
Reclassifica
tions
Exchangevrate differences
Dec. 31, 2023
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