The German Tech-company United Internet has acquired in the Corona-crisis new customers and its sales increased. However, closed shops, and the high cost of the upcoming Start of the 5G network building pushed the profit of the group.
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As the Internet and cellular provider, on Thursday announced that revenue grew in the first half of the year to four percent to nearly 2.66 billion euros. The operating result (Ebitda) fell by 1.5 percent to 620,5 million euros.
Before the on the stock exchange in the M-Dax-listed company had raised its brands GMX, web.de and Versatel just like its mobile phone subsidiary 1&1 Drillisch sales forecast for the year as a whole. However, it also stated that the operating result in the increase could not keep up. At the end of the year, Ebitda will come in at the level of the previous year through the target.
criticism of Telecom & Co
The founder and CEO of United Internet, Ralph Dommermuth, trying to position his group after the initial bid for the billions in 5G frequency licenses in the past year, in addition to Deutsche Telekom, Vodafone and Telefonica as the fourth great force in the German telecoms market. The development of its own network, however, is not only expensive, it also takes its time.
Until the construction and commissioning of a network Dommermuth want to use the technical infrastructure of its competitors. Therefore, he argues for a so-called "national Roaming".
His competitors, but to keep him with this claim at a distance. Therefore, United Internet is calling for more willingness to compromise from you. The incumbent operators to open their networks to 1&1 drill to achieve in the development phase of the own network of nationwide customers.Updated Date: 13 August 2020, 10:20