Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DEUTSCHE TELEKOM AG

(DTE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -1.22% 17.45 Delayed Quote.16.68%
TELEFÓNICA DEUTSCHLAND HOLDING AG -1.65% 2.391 Delayed Quote.6.03%
TELEFÓNICA, S.A. 0.65% 4.0985 Delayed Quote.26.30%
VODAFONE GROUP PLC -0.47% 113.8 Delayed Quote.-5.90%
All news about DEUTSCHE TELEKOM AG
09/24DEUTSCHE TELEKOM : wins multiple awards for its...
PU
09/23DEUTSCHE TELEKOM : Unit Appoints New Chief Commercial Officer
MT
09/23T-SYSTEMS APPOINTS NEW MANAGING DIRE : Urs M. Krämer takes over
PU
09/23DEUTSCHE TELEKOM AG : UBS keeps its Buy rating
MD
09/23DEUTSCHE TELEKOM AG : Goldman Sachs reaffirms its Buy rating
MD
09/22DEUTSCHE TELEKOM : Human dignity shall be inviolable
PU
09/22DEUTSCHE TELEKOM AG : Berenberg reiterates its Buy rating
MD
09/22DEUTSCHE TELEKOM AG : Goldman Sachs reiterates its Buy rating
MD
09/21T-SYSTEMS : Measuring and managing sustainability
PU
09/20DEUTSCHE TELEKOM : Think Tank – Get on board!
PU
More news
Analyst Recommendations on DEUTSCHE TELEKOM AG
More recommendations
Financials
Sales 2021 107 B 126 B 126 B
Net income 2021 4 449 M 5 214 M 5 214 M
Net Debt 2021 128 B 150 B 150 B
P/E ratio 2021 18,1x
Yield 2021 3,49%
Capitalization 82 773 M 96 924 M 97 010 M
EV / Sales 2021 1,97x
EV / Sales 2022 1,91x
Nbr of Employees 221 909
Free-Float 85,1%
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 17,45 €
Average target price 22,61 €
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Timotheus H÷ttges Chairman-Management Board & CEO
Christian P. Illek Chief Financial Officer
Ulrich Lehner Chairman-Supervisory Board
Claudia Nemat Chief Technology & Innovation Officer
Lothar Schr÷der Vice Chairman-Supervisory Board
Sector and Competitors