Deutsche Telekom and EWE Agree Fiber-Optic Network Joint Venture
December 13 2017 - 5:38AM
Dow Jones News
By Max Bernhard
Deutsche Telekom AG (DTE.XE) and EWE AG (EWE.YY) have agreed to
create a joint venture and invest up to two billion euros ($2.35
billion) to develop fiber-optic networks in northwest Germany,
Deutsche Telekom said Wednesday.
The two German companies plan to extend fiber-optic internet
access in the states of Lower Saxony, North Rhine-Westphalia and
Bremen and connect more than one million private households--mostly
in rural areas--to high-speed internet over the next ten years,
Deutsche Telekom said. Clients will be able to chose a provider
freely, it said.
Both companies will hold 50% of the new joint venture, which is
still subject to regulatory approval.
Write to Max Bernhard at max.bernhard@dowjones.com
(END) Dow Jones Newswires
December 13, 2017 05:23 ET (10:23 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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