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

DEUTSCHE TELEKOM AG

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Czech telecoms group CETIN chooses Ericsson for 5G network

10/19/2020 | 08:37am EST

PRAGUE, Oct 19 (Reuters) - Czech telecoms network operator CETIN will use technology from Swedish group Ericsson to build next-generation 5G networks, CETIN said on Monday.

CETIN, part of investment group PPF, which also holds 81% in mobile operator O2 Czech Republic, is the first Czech network to signal its choice for building the new system.

Finland's Nokia and China's Huawei are other network gear makers. However, the United States has urged allies to boycott Huawei equipment, alleging it could be used by Beijing for spying, which Huawei strongly denies.

A CETIN spokeswoman said Ericsson won a tender, but did not give details.

"We will release more details as soon as we finalise the remaining legal formalities," Klara Zavadilova said, confirming an earlier statement on the choice by PPF board member Vladimir Mlynar on Twitter.

PPF is owned by Petr Kellner, the richest Czech whose vast holdings in the financial and real estate sectors, among others, also include consumer lender Home Credit, which has a strong presence in China.

Czech cyber security watchdog NUKIB called Huawei's products a security threat in December 2018.

President Milos Zeman, however, has pushed closer ties with China.

The central European country is starting an auction for 5G frequencies, hoping to attract a fourth operator to compete with O2 Czech Republic, T-Mobile and Vodafone. (Reporting by Robert Muller, writing by Jason Hovet, editing by Louise Heavens and Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 0.07% 15.14 Delayed Quote.3.84%
ERICSSON AB -0.52% 104.6 Delayed Quote.28.92%
NOKIA OYJ -0.75% 3.3115 Delayed Quote.1.23%
O2 CZECH REPUBLIC A.S. 0.62% 242.5 End-of-day quote.3.63%
T-MOBILE US -0.44% 133.14 Delayed Quote.70.53%
VODAFONE GROUP PLC 1.29% 127.06 Delayed Quote.-14.53%
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Financials
Sales 2020 99 795 M 121 B 121 B
Net income 2020 4 182 M 5 068 M 5 068 M
Net Debt 2020 123 B 149 B 149 B
P/E ratio 2020 18,8x
Yield 2020 3,93%
Capitalization 71 761 M 86 699 M 86 952 M
EV / Sales 2020 1,95x
EV / Sales 2021 1,81x
Nbr of Employees 227 584
Free-Float 67,7%
Chart DEUTSCHE TELEKOM AG
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Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 27
Average target price 19,22 €
Last Close Price 15,14 €
Spread / Highest target 55,9%
Spread / Average Target 27,0%
Spread / Lowest Target -0,92%
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Managers
NameTitle
Timotheus Höttges Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Lothar Schröder Vice Chairman-Supervisory Board
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