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

DEUTSCHE TELEKOM AG

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High flier: Deutsche Telekom tests mobile antenna in the stratosphere

10/19/2020 | 05:08am EST
The logo of Deutsche Telekom AG is silhouetted against the sun and clouds atop of the headquarters of German telecommunications giant in Bonn

BERLIN (Reuters) - Deutsche Telekom has successfully tested an aerial base station in the earth's stratosphere, it said on Monday, hoping to bring mobile coverage to remote areas that ground-based networks fail to reach.

The German telecoms group and its partner, British startup Stratospheric Platforms, said that a remotely piloted aircraft flying at 14,000 metres (45,000 feet) had successfully connected with its terrestrial 4G network from an on-board antenna.

The airborne base station, which can cover an area up to 140 km (87 miles) across, handled voice and video calls, data downloads and web browsing from a smartphone user on the ground during trial flights this month.

"We won't stop until everyone is connected," Deutsche Telekom CEO Tim Hoettges told a video presentation on the project, which has been in development for the past five years.

"A stratospheric network can help reach areas that have been difficult to supply up to now."

Hosting base stations in the stratosphere promises the fast reaction times that next-generation 5G networks will need to support innovations such as self-driving cars.

But, while aerial antennas offer a speed and cost advantage over satellites, keeping them aloft poses a design challenge.

Alphabet's rival Loon venture uses high-altitude balloons to run wireless networks and Facebook grounded an experimental solar-powered internet drone two years ago after concluding it was not feasible.

PILOT-FREE PLATFORM

Deutsche Telekom's test flights were staged over the state of Bavaria in southern Gemrany using an adapted H3Grob 520 propeller plane because Stratospheric Platforms is still developing its own pilotless aircraft.

The UK startup says its lightweight "platform" will have a wingspan of 60 metres - as big as a Boeing 747 - but weigh only 3.5 tonnes and be able to stay aloft for nine days.

It will use an emission-free hydrogen fuel-cell system, which can generate far more power than solar cells. The on-board antenna, weighing 140 kg, will be capable of doing the job of 200 terrestrial towers.

Richard Deakin, chief executive of Stratospheric Platforms, said the platform would make its first flight in 2022 with operational deployment expected around 2024.

Deakin said he plans to build a factory that can produce up to 200 of the aircraft a year, adding that the challenge will be to supply enough.

The startup was founded in 2014 and Deutsche Telekom came on board as an investor two years later and holds a 38% stake.

Stratospheric Platforms said it was holding talks with other potential investors to raise about 50 million pounds ($65 million) in a so-called Series B funding round. Funding to date is in double-digit millions of pounds.

Partners for its aerial platform include Northrop Grumman and Thales. It is also working with QinetiQ and others on the hydrogen power system.

(Reporting by Douglas Busvine; Editing by Jane Merriman and David Goodman)

By Douglas Busvine


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.30% 1787.02 Delayed Quote.33.42%
DEUTSCHE TELEKOM AG 0.20% 15.155 Delayed Quote.4.02%
FACEBOOK INC 0.81% 277.81 Delayed Quote.35.35%
NORTHROP GRUMMAN CORPORATION -1.54% 306.03 Delayed Quote.-9.22%
QINETIQ GROUP PLC 1.89% 301.8 Delayed Quote.-15.65%
THALES 0.20% 79.86 Real-time Quote.-13.68%
THE BOEING COMPANY -0.51% 216.5 Delayed Quote.-33.20%
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Financials
Sales 2020 99 669 M 119 B 119 B
Net income 2020 4 182 M 5 003 M 5 003 M
Net Debt 2020 123 B 147 B 147 B
P/E ratio 2020 18,8x
Yield 2020 3,92%
Capitalization 71 879 M 85 939 M 85 989 M
EV / Sales 2020 1,96x
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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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 27
Average target price 19,20 €
Last Close Price 15,16 €
Spread / Highest target 55,7%
Spread / Average Target 26,7%
Spread / Lowest Target -1,02%
EPS Revisions
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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