1&1 AG : Q2 2024: lowering estimates on new 5G execution issues
>2024 guidance cut by 5% in EBITDA and CF by 35% - 1&1 has reported earnings ahead of schedule due to lower-than-expected results:1&1 added 70,000 new mobile contracts (cons. +63,000), better than in Q1 2024 (+40,000) but still lower than in previous years due to (i) the network outage in (impact in June and July) and (ii) the loss of customers as 1&1 is migrating them to its network.1&1 is also expecting slower growth in Q3 2024.Q2 service revenues are...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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