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Deutsche Telekom says customers, operators pay price for 5G auction

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The CEO of Deutsche Telekom criticised the amount companies will have to pay to get fifth generation mobile internet spectrum in Germany as the ...

BERLIN: The CEO of Deutsche Telekom criticised the amount companies will have to pay to get fifth generation mobile internet spectrum in Germany as the amount of total bids approached 5 billion euros on Wednesday.

"This money is taken away from the customers, citizens and operators," Timotheus Hoettges said at a conference in Berlin."You can only spend the euro once," he said, adding that 4.6 billion euros equal 23,000 mobile sites that the industry cannot build.

 

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