Michael Scholz

Independent Consultant

Weilerswist, Germany

Experience

Jan 2019 - Present
6 years 7 months
Weilerswist, Germany

Independent Consultant

MSBC ׀ Michael Scholz Business Consulting

  • Diverse investment valuations / due diligence / M&A execution for broadband providers (regional providers in Germany)
  • Commercial and financial due diligence and advisory for a fiber-optic joint venture in Germany (multi-billion investment by an insurance company with a global telco)
  • Establishment of the German business of a French fiber rollout company
  • Management consulting for the development of FTTH projects in Germany for investment banks and consulting firms
  • Advisory for European construction and engineering firms in the development and implementation of business opportunities with German network operators
  • Regional consultant commissioned by the Federal Ministry of Transport and Digital Infrastructure (BMVI) for municipalities on publicly funded FTTH rollout (as a freelancer for TÜV Rheinland)
  • Author and speaker on broadband topics in Germany (for Outvise and Atene Kom)
  • Due diligence and valuation of passive infrastructure and its marketability in Romania
Dec 2017 - Dec 2019
1 year 1 month

Sabbatical

  • Travel
  • Rescue diver training
  • Family and friends
  • Sports and cultural activities
Jun 2017 - Nov 2017
6 months
Bonn, Germany

Senior Expert International Strategy

Deutsche Telekom AG

  • Broadband / partnerships
Jun 2014 - May 2017
3 years
Bucharest, Romania

Head of Strategic Projects Department / Transformation Office (Business Partner to the CEO and the Shareholders' Assembly,

Telekom Romania Group

  • Establishment of a new wholesale division with revenue increase of 5% - 7% without additional costs
  • IPO / equity story in favor of a shareholder
  • Development of new financing sources and procurement
  • Business process outsourcing (approx. 2000 employees)
  • Streamlining of reporting
  • Management of the nationwide FTTH rollout program (1.3 million HHp / EUR 160 million 3-year budget)
  • Establishment, subsequent technical and disciplinary leadership of the department
  • Advisory to the board and implementation of strategic measures
  • Analyses, recommendations, templates
  • Controlling (investments and sales)
  • Forecasts and planning
  • Improvement and optimization of commercial processes and corporate governance of the group
  • Management of large-scale projects
  • Comments on the annual financial statements
Mar 2012 - May 2014
2 years 3 months
Bonn, Germany

Strategy Execution and Performance Manager (Business Partner to the Senior Vice President International Strategy)

Deutsche Telekom AG

  • Analysis and operational restructuring of companies in distress
  • Design of a capital market-related restructuring of the CEE business portfolio
  • Reorganization of business reporting (timing and content, data collection)
  • Advisory and operational support to the business unit head on strategic tasks
  • Controlling
  • Management of the strategic and legal realignment of subsidiaries
  • Analyses and recommendations
  • Point of contact for associations, authorities, banks
Oct 2002 - Feb 2012
9 years 5 months
Bonn, Germany

Senior Expert Treasury ("dotted line" to the Senior Vice President Treasury & Finance, power of attorney)

Deutsche Telekom AG

  • Comprehensive implementation of a group-wide multi-currency cash management embedded in a payment factory
  • Implementation of central financial and liquidity planning and a related decentralized notification IT system
  • Standardization of bank contract terms
  • Creation, publication and maintenance of the treasury manual
  • Representation of the department head
  • Cash management
  • Process optimization
  • Responsibility for treasury in the EMEA region
  • Point of contact for banks and authorities
  • Introduction and management of international cash pooling
  • Financing of affiliated companies
  • Interface to accounting (HGB / IFRS)
Feb 2002 - Sep 2002
8 months
Jakarta, Indonesia

Director of Controlling (Direct reporting to the CFO and the shareholders)

PT Satelite Palapa Indonesia

  • Maintenance of business operations at the time of the sale of the equity stake
  • Technical and disciplinary leadership of the department
  • Responsibility for planning, reporting and controlling
  • Reporting to the board
Jan 1996 - Jan 2002
6 years 1 month
Bonn, Germany

Head of the Global Financial Strategy Team; Managing Director Finance of DT Asia Holding GmbH; General Authorized Signatory of

Deutsche Telekom AG / DT Asia Holding GmbH

  • Numerous multi-million-dollar financings (structured financings, corporate loans and bonds)
  • M&A and post-merger projects
  • Structured reporting lines in the Asia business
  • Consolidation of the sub-concern
  • Sale of DTAG's cable business (due diligence of buyer offers and management of the financial side of transactions)
  • Technical and disciplinary leadership of the central department
  • Management of the finance department of DT Asia Holding GmbH
  • Analyses, recommendations
  • Responsibility for finance areas in the ASEAN region
  • Preparation of financing plans and coordination with banks
  • Point of contact for associations, authorities, banks
  • Structuring of project financings and negotiation of financing documents
  • Internal communication and creation of templates
  • Project management and representation of the Deutsche Telekom Group in Southeast Asia, Eastern and Central Europe
May 1995 - Dec 1997
1 year 8 months
Brussels, Belgium

Advisor to the CFO (Accounting / Group Accounting)

Global One Joint Venture

  • Lead of reporting for >300 group entities under various regulations
  • Establishment of the central department and the accounting manual
  • Technical design and implementation of processes for consolidation of approx. 300 group entities
May 1994 - Dec 1995
1 year 8 months
Bonn, Germany

Lead Manager Accounting Transformation / Group Accounting

Deutsche Telekom AG

  • Introduction of deferred tax accounting
  • Centralization of operational accounting (organization and SAP)
  • Management of the introduction of commercial accounting under HGB (accounting policy, processes, SAP) and preparation for proper bookkeeping
Mar 1989 - Apr 1994
5 years 2 months
Mülheim, Germany

Audit Assistant (initially as a working student, then permanent position)

KPMG Deutschland

  • Advisory on the introduction of HGB accounting in companies of the former GDR
  • Audit of individual and consolidated financial statements
Oct 1985 - Dec 1987
1 year 3 months
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Bundeswehr

Languages

German
Native
English
Advanced
Romanian
Intermediate

Education

Oct 1984 - Apr 1992

University of Duisburg

Diploma in Economics, Accounting / Auditing / Controlling / Taxation · Duisburg, Germany