Telefonica Deutschland to Partner With Huawei and Nokia for 5G Rollout
December 11 2019 - 8:43AM
Dow Jones News
By Mauro Orru
Telefonica Deutschland AG (O2D.XE) said on Wednesday that it
plans to partner with Huawei Technologies Co. and Nokia Corp. (NOK)
for the rollout of its 5G infrastructure, as it enters an
investment phase to improve network quality.
The Munich-based telecommunications company said its
network-focused investment program would span two years, and aims
to boost rural coverage primarily with 4G, as well as accelerate
urban capacity with 5G.
Increased investment will lead to a lower dividend payment for
2019, it said earlier in the day. Telefonica Deutschland plans to
pay a EUR0.17 dividend, down from EUR0.27 for 2018. It also said
that revenue would grow by at least a cumulated 5% in the
three-year period of 2020-22.
Under the program, the company will initially roll out 5G in
Berlin, Hamburg, Munich, Cologne and Frankfurt, before expanding
coverage to Germany's 30 top cities, it said in a webcast.
The company said its cooperation with China's Huawei and
Finland's Nokia is dependant on security certifications in
Germany.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
December 11, 2019 08:28 ET (13:28 GMT)
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