|Bid||0.00 x 60000|
|Ask||0.00 x 60000|
|Day's Range||31.04 - 31.66|
|52 Week Range||21.50 - 47.08|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||13.44|
|Forward Dividend & Yield||0.05 (0.16%)|
|1y Target Est||59.71|
Shares in telecoms firm 1&1 Drillisch and its parent United Internet slumped to six-year lows on Thursday after they trimmed profit guidance due to initial 5G network costs and higher line connection charges. Drillisch shares fell 12% while United Internet's slid by 9% even though United announced a share buyback, responding to steep falls over the past year as concerns grew over the cost of building its own network. CEO Ralph Dommermuth splurged 1.07 billion euros ($1.2 billion) at Germany's auction of 5G frequencies in June, bringing the self-made billionaire a step closer to his dream of founding a fourth German mobile network.
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Gains for metal and mining companies helped European stocks end slightly higher on Thursday, with concerns over an attack on tankers in the Gulf of Oman and continuing U.S.-China trade tensions sapping early enthusiasm among investors. The pan-European STOXX 600 index closed 0.16% higher having earlier climbed nearly half a percent aided by surge in telecom and oil stocks. The surge in oil prices that had dominated morning trading after the tanker attacks faded by the close.
Germany's pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help close a connectivity gap with the United States and Japan. For market leader Deutsche Telekom the auction, which ran for a record 12 weeks and raised 6.55 billion euros ($7.4 billion), left a "bitter aftertaste", while rival Vodafone called the result "catastrophic".
European shares dipped on Thursday, tracking Asian markets lower after more violent protests in Hong Kong and weighed down by doubts over the United States and China's ability to reach a trade deal any time soon. The pan-European STOXX 600 index fell 0.24% at 0709 GMT, with traders also pointing to nerves over the scale of monetary easing priced in to markets over the past two weeks. Europe's telecom providers index bucked the trend to gain 0.3% after Germany completed its 5G mobile spectrum auction, handing a licence to new entrant 1&1 Drillisch and its parent United Internet.
Telefonica SA’s local unit is at particular risk of losing out. The Spanish carrier is bidding alongside Deutsche Telekom AG, Vodafone Group Plc and 1&1 Drillisch AG in the auction for 5G spectrum: the radio bandwidths for next-generation telecommunications. The unbalanced distribution of the spectrum from the auction so far suggests it has some way to go, according to Bloomberg Intelligence analyst Erhan Gurses.
Bidding has accelerated again in Germany's auction of frequencies for next-generation 5G mobile networks, reducing chances that the four companies taking part will bag spectrum at bargain prices. Action had slowed to a trickle this week with new bids in each auction round dwindling to just a few million euros, fuelling speculation the auction could end up being Germany's cheapest ever. The auction is being held in an old army barracks, with teams sequestered in separate rooms submitting offers via a secure network.
Bidding slowed on Wednesday in Germany's 5G mobile spectrum auction, and with offers from the four companies taking part totalling just 2.4 billion euros ($2.7 billion) it could end up being the cheapest ever. Results from the 118th round of the auction https://www.bundesnetzagentur.de/_tools/FrequenzXml/Auktion2019_XML/118.html;jsessionid=E63E2FD08872677D72E48735A476D2BC, being held at an old army barracks in the western city of Mainz, showed fresh bids for only 5 of the 41 spectrum blocks that are on offer in the 2GHz and 3.6GHz bands. Analysts had forecast that proceeds could be as low as 3 billion euros, while cautioning that the entry of tycoon Ralph Dommermuth's 1&1 Drillisch as a fourth player could drive spectrum costs higher.
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Internet billionaire Ralf Dommermuth said on Thursday he wanted to seize the chance to become Germany's fourth mobile network operator, but was prepared to walk away if the cost turns out to be prohibitive. The 55-year-old tycoon who owns 40 percent of United Internet is, through its 1&1 Drillisch unit, taking on the three existing operators in a 5G spectrum auction where bids so far have topped 1 billion euros ($1.1 billion). The prospect that Drillisch could abandon its profitable existence as an asset-light virtual mobile operator has spooked some investors, sending shares in both companies down by more than a third over the past 12 months.
MAINZ/FRANKFURT (Reuters) - Germany's auction of spectrum for 5G mobile networks drew brisk initial bidding on Tuesday with prospective new entrant 1&1 Drillisch submitting bold offers for the frequencies it covets. Drillisch, run by maverick tycoon Ralph Dommermuth, is vying to become a fourth operator in Europe's largest economy - a move that could benefit consumers but pressure the margins of the three existing players. Drillisch, majority owned by United Internet , put down a marker in the first round by staking more than 20 million euros apiece for 10 of the 41 blocks of spectrum on offer.
Germany's auction of spectrum for 5G mobile networks attracted brisk initial bidding on Tuesday as prospective new market entrant 1&1 Drillisch submitted chunky offers for the frequencies it is interested in. Results of first-round bidding showed that Drillisch, which is vying to become Germany's fourth network operator, had submitted offers of more than 20 million euros (17.1 million pounds) for 10 of the 41 blocks of spectrum on offer.
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FRANKFURT/BERLIN (Reuters) - Germany's years as a cosy oligopoly in which the Big Three mobile operators carve up a saturated market could be about to end as billionaire Ralph Dommermuth joins the fray to bid for a fifth-generation licence. Such a 'three-to-four' move would inject fresh competition into Europe's largest market. Users paying some of the highest charges in Europe stand to benefit, while operators would face pressure on margins as they battle for customers.
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