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Stock impact report

Deutsche Telekom to help Telefonica hook up 5,000 base stations [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
Deutsche Telekom to help Telefonica hook up 5,000 base stations | Reuters 2 Min Read * Telekom to invest savings in network * Pact helps Telefonica address infrastructure shortfall * Germany plans 5G licensing round in early 2019 FRANKFURT, Oct 8 (Reuters) - Deutsche Telekom and Telefonica Deutschland said they would expand their network cooperation ahead of Germany’s 5G licensing round, with Telekom connecting up to 5,000 of Telefonica’s base stations to its fibre-optic network. The partnership will save money for market leader Telekom which it can invest in upgrading its network while helping No.3 player Telefonica get its mobile infrastructure 5G-ready, the companies said. “We will invest the resources that we save in further building out our network infrastructure and in the development of 5G,” Telekom CEO Dirk Woessner said in a statement on Monday. The alliance comes as Germany finalises terms for its first auctions of 5G spectrum in early 2019, frequencies that would support us Show less Read more
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