Update on Germany‘s Telecoms-Market

Q4-2014 DSP-Partners I Darmstadt I April 2015

Mobile

In Q4-2014, none of the mobile players gained net new customers

Deutsche Telekom stated it booked out inactive customer from one of their MVNO-clients

Vodafone also restated their customer base downwards in Q4-2014

Fixed-line Broadband

Deutsche Telekom still clear market-leader with 12,4m DSL-lines

Kabel Deutschland/Vodafone is #2 with 5,4m broadband subs,

United Internet on position 3 with 4,1m DSL-lines

The six major broadband players hold c. 27m lines – thereof 21,5m (c. 80%) are DSL, c. 20% are cable (5,4m lines)

Summary: Telecoms Market Update Q4-2014 at a Glance

Germany: Number of Mobile Customers [Q4-2014 in 1,000]

Source: Company Reports, DSP-Partners Market Model

31.515

38.989

42.125

Germany: Number of Mobile Customers [Q4-2014 vs Q3-2014 in 1,000]

Source: Company Reports, DSP-Partners Market Model

-196

-664

-76

Germany: Number of Fixnet Broadband Customers [Q4/2014 in 1,000]

Source: Company Reports, DSP-Partners Market Model, Vodafone/Kabel Deutschland

+

DSL

DSL

DSL

Cable

DSL

Cable

2.144

2.505

2.852

2.896

4.190

5.357

12.361

Germany: Broadband Customers with DSL vs. Cable [Q4/2014 in 1,000]

Source: Company Reports, DSP-Partners Market Model

5.401

21.547

Cable

DSL

Contact

Stefan Behrendt Founder I Managing Partner DSP-Partners www.twitter.com/stbe www.dsp-partners.com