1&1 AG : Impacts of 5G delayed to 2023
>Lower capex in 2022 but more in 2023 - On Friday evening, 1&1 announced that for 2022 it anticipates: (i) EBITDA of € 690m (above the consensus at € 674m), i.e. a € 10m increase due to lower 5G roll-out costs (€ 60m in 2022) and (ii) investment of just € 250m vs the initial target of € 400m, i.e. the deferral of close to € 150m to 2023 (consensus before the deferral of € 370m). This deferral reflects the deferred roll-out of 5G sites by Vantage Towers. 1&1 still plan...Drillisch is a holding company. Co. through its subsidiaries, is a mobile virtual network operator in Germany. The services acquired from the network operators Telekom Deutschland GmbH, Vodafone D2 GmbH, E-Plus Mobilfunk GmbH and Telefonica O2 Germany GmbH & Co. OHG are sold further to the end consumers for Co.'s own account and at rates established by Co. Co. organizes its operations into three segments: telecommunications, which includes its activities in the sector of wireless services; freenet holding, which comprises the operations of its freenet AG subsidiary; and software services, which involves activities related to the development and marketing of a workflow management software.
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