Deutsche Telekom CEO Takes Swipe at Rival's Troubled 5G Rollout [BNN Bloomberg (Canada)]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
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Source: BNN Bloomberg
While Hoettges didn't explicitly name 1&1, he called out the nation's newest network for struggling to roll out its own 5G infrastructure after winning spectrum in 2019, leaving large parts of the country uncovered. This is despite coming from a “privileged perspective” with some of the best spectrum, Hoettges said at Deutsche Telekom's annual general meeting on Wednesday. His criticism strikes at a long-running problem for Europe's biggest telecom companies. Regulators have pushed back against dealmaking in individual EU countries and favored awarding spectrum to new entrants to bolster competition. Incumbents say this hurts their ability to grow and invest. The Deutsche Telekom CEO is one of the more vocal proponents of consolidation on the continent. 1&1 was awarded spectrum by German regulators following the merger between Telefonica SA and E-Plus and purchased 5G spectrum as part of its push to build its own network. But the company has struggled to meet its own 5G antenna i
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