Exhibit 12.1
                               Deutsche Telekom AG
               Computation of Ratio of Earnings to Fixed Charges,
         German GAAP (Amounts in millions of Euros, except for ratio of
                           earnings to fixed charges)

<TABLE>
<CAPTION>

                                          For the six
                                            months
                                          ended June
                                              30,                         For the year ended December 31,
                                          ---------      ----------------------------------------------------------------
                                             2004          2003           2002          2001         2000         1999
                                          ---------      --------       --------     ---------     --------     ---------
<S>                                       <C>           <C>            <C>           <C>          <C>          <C>
Pre-tax income (loss) from
continuing operations before
adjustment for minority interest in
consolidated subsidiaries or loss
from equity investees                         2,765         1,645       (26,380)       (1,957)        4,372         3,449
                                          =========      ========       ========     =========     ========     =========
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness                                  1,929         4,512         6,039         4,830         4,159         3,112

Estimated Interest Portion of Rents             236           572           572           400           255           171
                                          ---------      --------       --------     ---------     --------     ---------
                                              2,165         5,084         6,611         5,230         4,414         3,283
                                          =========      ========       ========     =========     ========     =========
Pre-tax income (loss) from
continuing operations before
adjustment for minority interest in
consolidated subsidiaries or loss
from equity investees plus fixed
charges                                       4,992         6,941       (19,596)        6,165         8,934         6,845
                                          =========      ========       ========     =========     ========     =========
Ratio of earnings to fixed charges              2.3           1.4             *           1.2           2.0           2.1
                                          =========      ========       ========     =========     ========     =========
</TABLE>

* Earnings were inadequate to cover fixed charges by EUR 26,207 million for the
year ended December 31, 2002.


<PAGE>


                                                                    Exhibit 12.1
                               Deutsche Telekom AG
          Computation of Ratio of Earnings to Fixed Charges, U.S. GAAP
  (Amounts in millions of Euros, except for ratio of earnings to fixed charges)


<TABLE>
<CAPTION>

                                          For the six
                                            months
                                          ended June
                                              30,                         For the year ended December 31,
                                          ---------      ----------------------------------------------------------------
                                             2004          2003           2002          2001         2000         1999
                                          ---------      --------       --------     ---------     --------     ---------
<S>                                       <C>           <C>            <C>           <C>          <C>          <C>
Pre-tax income (loss) from
continuing operations before
adjustment for minority interest in
consolidated subsidiaries or loss
from equity investees                         3,106         5,685       (23,912)          509         8,214         3,674
                                          =========      ========       ========     =========     ========     =========
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness                                  2,018         4,633         6,121         4,823         4,207         3,112

Estimated Interest Portion of Rents             199           524           553           400           255           171
                                          ---------      --------       --------     ---------     --------     ---------
                                              2,217         5,157         6,674         5,223         4,462         3,283
                                          =========      ========       ========     =========     ========     =========
Pre-tax income (loss) from
continuing operations before
adjustment for minority interest in
consolidated subsidiaries or loss
from equity investees plus fixed
charges                                       5,007        10,003       (18,417)        7,351        12,336         7,070
                                          =========      ========       ========     =========     ========     =========
Ratio of earnings to fixed charges              2.3           1.9             *           1.4           2.8           2.2
                                          =========      ========       ========     =========     ========     =========
</TABLE>

* Earnings were inadequate to cover fixed charges by EUR 25,091 million for the
year ended December 31, 2002.