Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom    DTE   DE0005557508

DEUTSCHE TELEKOM (DTE)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

German 5G auction roaming proposal keeps barriers high for new entrants

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/31/2018 | 01:30pm CET
FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona

BERLIN (Reuters) - German mobile phone operators will not be required to allow national roaming when they roll-out 5G services, the country's network agency said in a document, which could make it harder for new entrants to take on the incumbent providers.

The auction for the 5G, or fifth generation, spectrum licences in Europe's largest telecoms market is planned for early 2019 and details are being closely-watched to determine whether smaller contenders will have a realistic chance to compete with the established players.

The three existing operators - Deutsche Telekom, Vodafone and Telefonica Deutschland - have pushed back against calls from potential entrants and the German cartel office for auction terms that would lower barriers to entry.

But there are concerns among industry analysts that market concentration has left Europe's largest economy lagging its rivals in the race to build network-dependent connected factories or put self-driving cars on the road.

Germany's antitrust regulator last week called for a fourth mobile operator to enter the market for the 5G auction, rebutting arguments from the "Big Three" that more competition would hit investment.

The proposed terms for the 5G auction, laid out in a document from network agency Bundesnetzagentur (BNetzA), do not include a binding commitment to allow national roaming - which would let a new entrant rent network access where it lacks coverage - a key demand of smaller player United Internet, which is considering bidding.

Without the roaming commitment the incumbent operators can choose whether or not they want to allow the new entrants access to their networks, for example, in rural areas.

The proposed terms, which will be discussed by BNetzA's advisory board on Sept. 24, also foresee that at least 98 percent of German households need to be supplied with a high-speed connection of 100 megabits per second by the end of 2022.

At least 50 megabits per second must be available for busy regional and long-distance railroad traffic lines.

"The coverage obligations may not be not quite as extraordinary as BNetzA describes them but at first sight do impose material capex requirements on the network operators, in our view," Jefferies analysts wrote in a note.

Asked about auction proceeds, BNetzA president Jochen Homann told German paper Handelsblatt that the government was unlikely to generate proceeds in line with those from the UMTS, or 3G, auction in 2000, which amounted to 50 billion euros (44.85 billion pounds).

Deutsche Telekom, late on Thursday, said it expected the BNetzA to refrain from further regulatory interventions into the mobile phone market, adding the proposals were counterproductive.

Vodafone, meantime, criticised requirements to supply federal main roads with 100 megabits per second as "unacceptable", warning of high costs.

(Reporting by Nadine Schimroszik and Markus Wacket. Writing by Christoph Steitz. Editing by Jane Merriman and Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM 1.34% 15.13 Delayed Quote.2.26%
TELEFONICA DEUTSCHLAND HOLDING 1.59% 3.445 Delayed Quote.-17.70%
UNITED INTERNET -0.76% 37.65 Delayed Quote.-34.34%
VODAFONE GROUP -1.29% 153.4 Delayed Quote.-34.72%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE TELEKOM
11/16T-Mobile says Sprint deal may close as early as first-quarter next year
RE
11/15Tele2 says Dutch business not viable before EU rules on Deutsche Telekom deal
RE
11/15Liberty Global 'not desperate' to sell Swiss business - CFO
RE
11/15LIBERTY GLOBAL 'NOT DESPERATE' TO SE : Cfo
RE
11/14DEUTSCHE TELEKOM : upgrades 1.7 mln more lines to 250 Mbps
AQ
11/14DEUTSCHE TELEKOM : Telekom Cup – 10 years of top-quality soccer in the sea..
PU
11/14DEUTSCHE TELEKOM : Telekom Beethoven Competition – prelude to the Ludwig v..
PU
11/14DEUTSCHE TELEKOM : Your opinion matters! How do we live in the year 2030?
PU
11/13EXCLUSIVE : German officials sound China alarm as 5G auctions loom
RE
11/13German officials sound China alarm as 5G auctions loom
RE
More news
News from SeekingAlpha
11/16Volkswagen Mulls Multi-Billion Euro Investment Including Mass EV Production (.. 
11/16WALL STREET BREAKFAST : Another Down Day For Tech 
11/16T-Mobile-Sprint deal could close Q1 2019 
11/15Tele2 urges Dutch merger, saying it can't go it there alone 
11/11Deutsche Telekom AG (DTEGF) CEO Timotheus Höttges on Q3 2018 Results - Earnin.. 
Financials (€)
Sales 2018 75 033 M
EBIT 2018 10 080 M
Net income 2018 4 001 M
Debt 2018 52 913 M
Yield 2018 4,62%
P/E ratio 2018 19,68
P/E ratio 2019 15,66
EV / Sales 2018 1,67x
EV / Sales 2019 1,59x
Capitalization 72 041 M
Chart DEUTSCHE TELEKOM
Duration : Period :
Deutsche Telekom Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE TELEKOM
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 16,7 €
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Thomas Dannenfeldt Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM2.26%82 256
VERIZON COMMUNICATIONS11.62%248 789
NIPPON TELEGRAPH AND TELEPHONE CORP-14.80%79 431
ORANGE1.28%44 526
SAUDI TELECOM COMPANY SJSC--.--%44 514
TELEFONICA-7.73%44 445