Deutsche Telekom is a German telecommunications company headquartered in Bonn. It provides fixed-network/broadband, mobile communications, Internet, IPTV products and services for consumers, and information and communication technology (ICT) solutions for business and corporate customers. The company has an estimated 156 million mobile customers and is active in more than 50 countries. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. It has a staff of some 225,200 employees throughout the world.