United Internet profits in line as it eyes 5G gambit [Reuters]
Telefonica SA (TEF)
Last telefonica sa earnings: 2/23 04:01 pm
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Source: Reuters
United Internet profits in line as it eyes 5G gambit | Reuters Reuters Staff 2 Min Read * Q2 EBITDA rises 32.4 pct, in line with expectations * After adjusting for 1&1 Drillisch deal, EBITDA +10.8 pct * CEO eyes becoming 4th mobile network operator via 5G round FRANKFURT, Aug 13 (Reuters) - United Internet posted a 32.4 percent rise in core profits in the second quarter as the internet provider and virtual mobile network operator considers taking part in next year’s German fifth-generation mobile spectrum auctions. The results, in line with market expectations, were buoyed by the creation last year through a merger of mobile unit 1&1 Drillisch. On a proforma basis, adjusting for the deal’s impact, earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 13 percent. Chief Executive Ralph Dommermuth has floated the idea of bidding for 5G licences, potentially disrupting a market dominated by three major players - Deutsche Telekom, Vodafone and Telefonica Deutschla
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