Deutsche Telekom urges affordable terms for 5G spectrum auctions
Timotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, poses for a picture at the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang Rattay
BONN, Germany (Reuters) - Deutsche Telekom on Thursday urged Germany to auction frequencies for fifth-generation mobile services on reasonable terms to ensure that there is enough money left over to invest in infrastructure.
"We can only spend each euro once - either on spectrum or network build-out. My suggestion would be on buildout," CEO Tim Hoettges said in a speech to the company's annual shareholders meeting.
Germany's Federal Network Regulator plans to hold the 5G auctions in early 2019. Chancellor Angela Merkel's government hopes to raise billions of euros in proceeds from the allocation of mobile spectrum.
Timotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, speaks during the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang Rattay
Deutsche Telekom, the market leader, is concerned that if the auctions are too costly that would sap its ability to invest. It also says that glass fiber - which can offer Gigabit data transmission speeds - should be free from regulation.
Hoettges said that infrastructure arm Deutsche Funkturm would build 1,200 sites this year and 2,000 next year. By the end of 2018, Deutsche Telekom aims to offer fast LTE mobile services to 95 percent of its customers in Germany and Europe.
Timotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, and chairman of the supervisory board Ulrich Lehner hold optical fiber cables as they pose for a picture at the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang Rattay
(Reporting by Douglas Busvine; editing by Arno Schuetze and Jason Neely)
Timotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, poses before the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, speaks at the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, speaks during the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, speaks during the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, takes off his helmet as he poses for a picture at the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, speaks during the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, and chairman of the supervisory board Ulrich Lehner look on before the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges (C), Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, poses with board members before the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang RattayTimotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, and chairman of the supervisory board Ulrich Lehner pose before the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang Rattay
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
