Deutsche Telekom is to delist from the New York Stock Exchange in an effort to reduce complexity and costs.
The German operator will remove its American Depository Shares (ADSs) from the NYSE and will also end its reporting obligations with the…
Deutsche Telekom is to delist from the New York Stock Exchange in an effort to reduce complexity and costs.
The German operator will remove its American Depository Shares (ADSs) from the NYSE and will also end its reporting obligations with the Securities Exchange Commission (SEC). DT’s management board has approved the decision and the delisting should take place on June 21.
The main reason for the decision is to reduce the complexity of financial reporting and administrative costs.
DT plans to continue with an ADR program on a Level I basis to allow investors to hold their securities in the form of ADSs.
The company’s ordinary shares will remain listed in Frankfurt.
