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4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Telekom    DTE   DE0005557508

DEUTSCHE TELEKOM (DTE)
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Deutsche Telekom shares rise as T-Mobile announces 5G network plans

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03/01/2018 | 03:53pm CEST

Deutsche Telekom shares are in the green as US wireless business T-Mobile a subsidiary of the German company announced its plans to provide 5G across 30 US cities. T-Mobile told Mobile World Congress delegates it will work with Ericsson and Nokia.

By 1200 BST, Deutsche Telekom shares were 0.11% higher at 13.30, losing a little ground from higher levels earlier in the session. T-Mobile shares, meanwhile, closed down 1.91% at $59.94. Ericsson and Nokia shares were both in red.

T-Mobile US 5G plans

Speaking at the Barcelona event, T-Mobile said it plans to provide a 5G network to the US that will allow smartphones on the move, to make the most of the new capabilities 5G will bring.

5G is a lot more than faster speeds, T-Mobile said in a press release. It enables brand new IoT experiences, massive connectivity, smart cities, decade long battery life, ultra-responsive networks and increased speed, but its more than that to fully unleash 5G requires a nationwide network.

At T-Mobile, our vision of a 5G future keeps the customer front and centre, just like the way we built the nations fastest LTE network, said Neville Ray, Chief Technology Officer at T-Mobile.

T-Mobile to work with European network tech providers

In order to get its 5G network up and running, T-Mobile is working with Ericsson and Nokia. Both firms provide technical network equipment and the new roll out of 5G should prove a positive time for them.

Ericsson said it will provide T-Mobile with 5G radio access products.

We have been working in close partnership with T-Mobile on 5G for tests in the lab, field trials, and now initial deployment into the T-Mobile network, said Ericsson VP and head of business area networks, Fredrik Jejdling. Our 5G Platform enables operators like T-Mobile to launch 5G as quickly as possible.

Nokia, meanwhile, said it would provide advanced radio access network support for T-Mobiles 4G and 5G subscribers and will begin its work in the second quarter of 2018.

We are excited to work with T-Mobile for their ground breaking nationwide 5G rollout, said Rajeev Suri, Nokias president and CEO.

(c) All KUNA right are reserved 2018. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON -2.70% 68.6 Delayed Quote.27.39%
T-MOBILE US 1.32% 60.79 Delayed Quote.-4.28%
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Financials (€)
Sales 2018 74 818 M
EBIT 2018 10 085 M
Net income 2018 3 931 M
Debt 2018 52 483 M
Yield 2018 5,17%
P/E ratio 2018 15,85
P/E ratio 2019 13,86
EV / Sales 2018 1,56x
EV / Sales 2019 1,49x
Capitalization 64 470 M
Chart DEUTSCHE TELEKOM
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Deutsche Telekom Technical Analysis Chart | DTE | DE0005557508 | 4-Traders
Technical analysis trends DEUTSCHE TELEKOM
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 16,4 €
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Thomas Dannenfeldt Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
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1st jan.Capitalization (M$)
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SAUDI TELECOM COMPANY SJSC--.--%46 667
TELEFONICA-8.23%45 114
ORANGE0.14%44 189