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Deutsche Telekom AG - Interim Group report - January 1 to March 31, 2011

44 Events after the reporting period (March 31, 2011). U.S. dollar bond issued. At the beginning of April 2011, Deutsche Telekom issued a five-year bond with a volume of USD 1.25 billion through its financing arm Deutsche Telekom Inter- national Finance B.V. Early retirement program for civil servants extended. Deutsche Telekom will offer civil servants working for the company a limited early retirement program until the end of 2011. The resulting cost is estimated at EUR 0.7 billion. Payments will be spread over the next six to seven years. Deutsche Telekom and France Télécom-Orange to establish procurement joint venture. Deutsche Telekom and France Télécom-Orange are planning a 50/50 procure- ment joint venture for the fourth quarter of 2011. The joint venture is to combine the procurement activities of the two companies for customer equipment, network equipment, service platforms and IT infrastructure. The partnership expects significant synergy benefits through best practice sharing, leveraging global scale and harmonized technology processes.