Germany's 1&1 hits target in fourth mobile network roll-out [Yahoo! Finance]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Yahoo! Finance
At the end of September, 60 antenna sites were ready for cell phone connections; 200 are to be activated by the beginning of 2024. Federico Gambarini/dpa Telecoms company 1&1 AG said on Tuesday that it has met a government requirement in the roll-out of Germany's fourth mobile network. The requirement — migrating around 12.5 million mobile customers to its so-called core network — has now been completed, 1&1 said. The company, long a virtual mobile network operator (MVNO) that provided services to customers by leasing capacity from the established mobile network operators (MNOs), is building out its own infrastructure. In Germany, the MNOs are Telekom, O2 and Vodafone. In 2019, the German firm spent just over €1 billion ($1.15 billion) to acquire its own spectrum, laying the foundation for its own independent MNO network. Progress has been slow, however. At the start of 2023, 1&1 operated only five radio sites, far short of the 1,000 required under government targets. By t
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VOD
Sec Filings
- 12/4/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/28/25 - Form 6-K
- VOD's page on the SEC website