Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

German mobile operators team up to plug network holes

Published 11/11/2019, 06:49 AM
Updated 11/11/2019, 06:51 AM
© Reuters.  German mobile operators team up to plug network holes

(Reuters) - Telefonica (MC:TEF) Deutschland said on Monday it would team up with competitors Deutsche Telekom (DE:DTEGn) and Vodafone (LON:VOD) to build 6,000 new mobile masts in Germany, as part of a joint push to close gaps in network coverage.

The approach, supported by the network regulator, seeks to meet coverage requirements without further straining the finances of network operators after they spent 6.5 billion euros ($7.2 billion) on frequencies for 5G services.

Telefonica Deutschland, controlled by Spain's Telefonica, said that 1&1 Drillisch - a virtual network operator that also won 5G spectrum and plans a fourth national network - had been invited to join the group.

Further details of the cooperation should be agreed by spring 2020 at the latest, Telefonica Deutschland said in a statements. The joint network would be rolled out soon afterwards.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.