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

DEUTSCHE TELEKOM AG

(DTE)
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Telefonica Deutschland teams up with rivals to improve network coverage

01/19/2021 | 05:48am EDT

BERLIN (Reuters) - Telefonica Deutschland said on Tuesday it would expand its 5G coverage in Germany as it unveiled an alliance with Deutsche Telekom and Vodafone to plug gaps in network coverage.

The subsidiary of Spain's Telefonica also said in a strategy update that it would achieve cumulative revenue growth of 5% by the end of 2022 and bring about a sustained improvement in profitability.

Telefonica Deutschland's network-sharing deal followed an order by the Federal Cartel Office, Germany's antitrust watchdog, to the country's big three operators to work together to cover "grey spots" in their networks.

Deutsche Telekom and Vodafone had announced a network- sharing partnership last year, leaving Telefonica Deutschland out in the cold. That bilateral arrangement was "problematic in terms of competition", the cartel office said on Tuesday.

Telefonica Deutschland is Germany's No.2 mobile operator by revenue, with a market share of 25.5%, behind leader Deutsche Telekom on 31.7%, industry data shows.

In the strategy update, Telefonica Deutschland, which operates under the O2 brand, said it would connect 30% of German households to its 5G mobile network this year, and provide complete coverage by 2025.

"Our operational business is very resilient," CEO Markus Haas said. "We have made significant progress in expanding the network and can now look our competitors in the eye."

Telefonica Deutschland said it would propose a dividend of 0.18 euros for the business year just ended, up from 0.17 cents the year before. The 2020 dividend would also serve as a floor for payouts from 2021 to 2023.

(Reporting by Nadine Schimroszik, writing by Douglas Busvine; Editing by Caroline Copley and Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -0.16% 16.07 Delayed Quote.7.46%
TELEFÓNICA DEUTSCHLAND HOLDING AG -3.17% 2.381 Delayed Quote.5.59%
TELEFÓNICA, S.A. -0.03% 3.736 Delayed Quote.15.16%
VODAFONE GROUP PLC 0.03% 134.12 Delayed Quote.10.90%
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Financials
Sales 2021 107 B 128 B 128 B
Net income 2021 4 271 M 5 115 M 5 115 M
Net Debt 2021 126 B 151 B 151 B
P/E ratio 2021 17,2x
Yield 2021 3,79%
Capitalization 76 227 M 91 268 M 91 288 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,85x
Nbr of Employees 226 291
Free-Float 85,1%
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Mean consensus BUY
Number of Analysts 26
Average target price 19,86 €
Last Close Price 16,10 €
Spread / Highest target 52,8%
Spread / Average Target 23,4%
Spread / Lowest Target -6,81%
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Managers and Directors
NameTitle
Timotheus Höttges Chief Executive Officer
Christian P. Illek Chief Financial Officer
Ulrich Lehner Chairman-Supervisory Board
Claudia Nemat Head-Technology & Innovation
Thomas Kremer Head-Data Protection, Legal & Compliance
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