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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
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Deutsche Telekom to Launch Limited 5G Service in Germany This Year

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07/03/2019 | 10:38am EDT

By Patrick Costello

Deutsche Telekom AG said Wednesday that it aims to be the first telecoms operator to roll out 5G mobile service in Germany by activating its next-generation mobile network in six German cities by the end of the year.

The German telecoms provider said it plans to have built and brought online roughly 300 5G mobile antennas in Germany by the end of 2019, rolling out 5G service in six cities including Berlin, Bonn and Munich.

The company aims to connect the 20 largest German cities to 5G networks by the end of 2020 before expanding the service to less densely populated areas, it said.

"Our goal now is to get 5G to the streets, to our customers, as quickly as possible," Deutsche Telekom board member Dirk Woessner said.

Telekom is likewise the first provider in Germany to offer customers 5G-capable devices and matching rate plans, with its first 5G smartphone already available in its stores, it said.

Deutsche Telekom spent nearly 2.2 billion euros ($2.48 billion) to procure 5G spectrum at auctions held in Germany earlier this year.

Germany raised a total of roughly EUR6.55 billion in bids for spectrum at the auction from Telekom and its peers Telefonica Deutschland AG, Vodafone Germany (O2D.XE) and 1&1 Drillisch AG (DRI.XE).

Write to Patrick Costello at patrick.costello@dowjones.com.

Stocks mentioned in the article
ChangeLast1st jan.
1&1 DRILLISCH 8.39% 24.02 Delayed Quote.-46.02%
5G NETWORKS LTD -4.04% 0.95 End-of-day quote.126.19%
DEUTSCHE TELEKOM AG 1.75% 14.85 Delayed Quote.0.20%
DEUTSCHE TELEKOM AG 1.60% 14.882 Delayed Quote.0.42%
TELEFONICA DEUTSCHLAND HOLDING 3.67% 2.202 Delayed Quote.-35.58%
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Financials (EUR)
Sales 2019 79 626 M
EBIT 2019 11 167 M
Net income 2019 4 176 M
Debt 2019 68 708 M
Yield 2019 5,03%
P/E ratio 2019 17,0x
P/E ratio 2020 14,0x
EV / Sales2019 1,75x
EV / Sales2020 1,69x
Capitalization 70 577 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,60  €
Last Close Price 14,94  €
Spread / Highest target 30,5%
Spread / Average Target 11,1%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
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