Exhibit 12.1


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

|                                    | For the nine  |  |                                     |  |          |  |         |  |       |  |      
|----------------------------------- | ------------- |  | ----------------------------------- |  | -------- |  | ------- |  | ----- |  | -----
|                                    | months ended  |  |                                     |  |          |  |         |  |       |  |      
|                                    | September 30, |  | For the
  year ended
  December 31,
|                                    |               |  |                                    
|                                    | 2004          |  | 2003                                |  | 2002     |  | 2001    |  | 2000  |  | 1999 
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|Pre-tax income (loss) from          |               |  |                                     |  |          |  |         |  |       |  |      
|continuing operations before        |               |  |                                     |  |          |  |         |  |       |  |      
|adjustment for minority interest in |               |  |                                     |  |          |  |         |  |       |  |      
|consolidated subsidiaries or loss   |               |  |                                     |  |          |  |         |  |       |  |      
|from equity investees               | 4,694         |  | 1,645                               |  | (26,380) |  | (1,957) |  | 4,372 |  | 3,449
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|Fixed charges:                      |               |  |                                     |  |          |  |         |  |       |  |      
|Interest expense and amortization   |               |  |                                     |  |          |  |         |  |       |  |      
|of debt discount and premium on     |               |  |                                     |  |          |  |         |  |       |  |      
|all indebtedness                    | 2,831         |  | 4,512                               |  | 6,039    |  | 4,830   |  | 4,159 |  | 3,112
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|Estimated Interest Portion of       |               |  |                                     |  |          |  |         |  |       |  |      
|Rents                               | 381           |  | 572                                 |  | 572      |  | 400     |  | 255   |  | 171  
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|                                    | 3,212         |  | 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    | 8,028         |  | 6,941                               |  | (19,596) |  | 6,165   |  | 8,934 |  | 6,845
|charges                             |               |  |                                     |  |          |  |         |  |       |  |      
|                                    |               |  |                                     |  |          |  |         |  |       |  |      
|Ratio of earnings to fixed charges  | 2.5           |  | 1.4                                 |  | *        |  | 1.2     |  | 2.0   |  | 2.1  
|                                    |               |  |                                     |  |          |  |         |  |       |  |      

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

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




|                                     | For the
  year ended
  December 31,
|------------------------------------ | -----------------------------------
|                                     |                                    
|                                     | 2003                               
|                                     |                                    
|Pre-tax income (loss) from           |                                    
|continuing operations before         |                                    
|adjustment for minority interest in  |                                    
|consolidated subsidiaries or loss    |                                    
|from equity investees                | 5,685                              
|                                     |                                    
|                                     |                                    
|Fixed charges:                       |                                    
|Interest expense and amortization of |                                    
|debt discount and premium on all     |                                    
|indebtedness                         | 4,633                              
|                                     |                                    
|Estimated Interest Portion of Rents  | 524                                
|                                     |                                    
|                                     | 5,157                              
|                                     |                                    
|Pre-tax income (loss) from           |                                    
|continuing operations before         |                                    
|adjustment for minority interest in  |                                    
|consolidated subsidiaries or loss    |                                    
|from equity investees plus fixed     | 10,003                             
|charges                              |                                    
|                                     |                                    
|Ratio of earnings to fixed charges   | 1.9                                
|                                     |                                    

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



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