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Deutsche Telekom urges affordable terms for 5G spectrum auctions

Reuters  |  BONN, Germany 

BONN, (Reuters) - on Thursday urged to auction frequencies for fifth-generation mobile services on reasonable terms to ensure that there is enough money left over to invest in infrastructure.

"We can only spend each euro once - either on spectrum or network build-out. My suggestion would be on buildout," said in a speech to the company's annual shareholders meeting.

Germany's Federal Network Regulator plans to hold the 5G auctions in early 2019. hopes to raise billions of euros in proceeds from the allocation of mobile spectrum.

Deutsche Telekom, the market leader, is concerned that if the auctions are too costly that would sap its ability to invest. It also says that glass fibre - which can offer data transmission speeds - should be free from regulation.

Hoettges said that infrastructure arm Deutsche Funkturm would build 1,200 sites this year and 2,000 next year. By the end of 2018, aims to offer fast LTE mobile services to 95 percent of its customers in and

(Reporting by Douglas Busvine; editing by and Jason Neely)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 15:15 IST