European retail investors who apply for shares in Deutsche Telekom in the early order period which runs from today until Friday June 9th will benefit from a share price discount of about €3 (£2.36), the company confirmed yesterday.

Dr Ron Sommer, chief executive officer of Deutsche Telekom, said there would also be bonus shares allocated on the basis of one for every 10 shares bought in the offer and held to December 31st, 2001.

NCB stockbrokers is handling the retail offer in the Irish market.