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Update on Germany‘sTelecoms-Market

Q2/2016DSP-Partners I Darmstadt I September 2016

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Mobile In Q2/2016, the German SIM-card grew at an accelerated pace again, it

increased by 0,8 mil vs previous Quarter and by 2,4 mil vs previous Year, reaching a total of nearly 115 mil. SIMs

Deutsche Telekom still leads growth with 495,000 new SIMs Vodafone lost 64,000 SIM-cards vs Q1/2016 O2/ePlus achieved an increase of 406,000 SIM-cards vs Q1/2016Fixed-line Broadband Deutsche Telekom grew by only 0,5% this quarter, with 64,000 new DSL-

subscribers, but remained market leader with 12,8 mil. customers Kabel Deutschland/Vodafone grew by +1.9% vs Q1 or 61,000 new subscribers United Internet remains no. 3 in the market with 4,4 mil. DSL-lines, up 30,000 Telefonica increased its customers base slightly by +3,000 vs Q1/2016

German Telecoms Market Update Q2/2016 at a Glance

Germany: Number of Mobile Customers [Q2/2016 in 1,000]

Source: Company Reports, DSP-Partners Market Model 3

30,270

41,138

43,417

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Germany: Change in Mobile Customers [Q2/2016 vs Q1/2016 in 1,000]

Source: Company Reports, DSP-Partners Market Model

-64

495

409

5

2,104

3,207

4,390

5,933

12,770

Germany: Number of Fixnet Broadband Customers [Q2/2016 in 1,000]

Source: Company Reports, DSP-Partners Market Model

DSL

DSL

DSL

Cable

DSL + Cable

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Germany: Change in Fixnet Broadband Customers [Q2/2016 vs Q1/2016 in 1,000]

Source: Company Reports, DSP-Partners Market Model

3

61

30

108

64

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ContactStefan BehrendtFounder I Managing PartnerDSP-Partnerswww.twitter.com/stbe

www.dsp-partners.com