Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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T-Systems International GmbH is an internationally operating service provider for information technologies and digital transformation. The company is part of Deutsche Telekom AG and is headquartered in Frankfurt am Main.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Stay Pausing Investments
Revenue(RF), mln.USD
34
Assets(RF), mln.USD
1
Staff(RF), 2021
679
Taxes(RF), mln.USD
1

"Since the start of the Russian war of aggression in Ukraine, Deutsche Telekom has been working on ending its development activities in Russia - as announced at our annual press conference on February 24. Deutsche Telekom does not operate any networks in Russia. We have no business relationship with companies in Russia. However, we have a team of software developers, mainly in St. Petersburg, who provide services to clients outside of Russia. We have offered these employees the opportunity to work outside of Russia. Many employees took advantage of this opportunity and left the country. We have also ensured that we maintain the best possible services to our international customers without the location in Russia" - from the company statement.

The Company Statement
March 25, 2022

Received revenues in Russia in 2021-2022. Promised to discontinue activities in Russia at the beginning of the war, but still received income in 2022. Offered some employees the opportunity to work outside of Russia.

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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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