Telefónica Deutschland plans to accelerate its growth significantly in the coming years.
Between 2020 and 2022, the company intends to increase its revenue by at least 5% overall while further increasing its profitability.
As a basis for growth, an additional several hundred million euros are to be invested in network expansion.
To date, Telefónica Deutschland has invested around one billion euros annually, most of it into its network. The company will invest around 17% to 18% of its revenue in the next two years to enable the nationwide expansion of LTE and the rapid establishment of a high-performance 5G mobile communications infrastructure.
After a strong increase in network performance in 2019 and obtaining a ‘good’ rating across three current network tests, the additional investment will help the company to offer its customers an outstanding network experience for all relevant fields of application.
“With the new decade and the launch of 5G, our company is entering a growth phase,” said Markus Haas, CEO of Telefónica Deutschland. “We are going to invest more to capture market share, particularly in rural areas and with business customers, where a high-performance mobile communications and fixed-network infrastructure will be a great asset.”
Thanks to the additional investment funds, the company will be able to accelerate the grid expansion even further from 2020 onwards.