Vodafone warns of attacks on 5G antennas in Germany

Attacks on 5G cell towers

A 5G transmitter was destroyed in an arson attack in Huddersfield in Northern England.

(Photo: AFP)

Dusseldorf The network operator Vodafone has warned of attacks on cell towers in Germany. Arson attacks have already taken place in several EU countries. Similar things could happen in Germany, said Vodafone Germany boss Hannes Ametsreiter on Wednesday.

“These activities can endanger life,” said Ametsreiter. In the UK, a cell tower near a hospital was destroyed, and emergency calls could not be made. That is a worrying development.

The background to the attacks are conspiracy theories that have linked the expansion of 5G mobile communications to the outbreak of the corona pandemic. Masts had been damaged or destroyed in Great Britain, the Netherlands and Cyprus.

Despite attempts by scientists and politicians to calm the population, concerns about similar events in Germany are increasing. Vodafone technical director Gerhard Mack said: “We must not fool ourselves.” The expansion of 5G mobile radio is still in the early stages in Germany. In the Federal Republic, “many thousands of new masts” would still have to be built to supply the population with 5G.

German industry in particular had been pushing for a 5G supply that was as extensive as possible. She hopes to be the basis for new products, better networking of production and the basis for applications such as autonomous driving.

Vodafone and Deutsche Telekom announced on Wednesday to significantly expand the expansion of 5G mobile radio in Germany. Telekom wants to supply half of the German population with 5G this year. That would correspond to about 40 million people. “We have big plans for 5G and will bring the latest mobile communications standard to large parts of Germany this year,” says Telekom Germany boss Dirk Wössner.

Vodafone also announced that it would make its 5G network available to around ten million people in Germany this year. In the beginning, Vodafone focused on the cities, said Ametsreiter. “Now we’re bringing 5G to the area.”

Important frequencies for 5G were auctioned in Germany last year. In addition to Telekom and Vodafone, Telefónica Deutschland and the newcomer also secured themselves for a total of 6.55 billion euros Drillish, behind which the group United Internet (Brands 1 & 1, GMX, Web.de) stands, frequencies. The nationwide expansion of mobile radio technology will take years.

More: This is how scientists assess the theories about the relationship between 5G and corona.

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Boom through home office: tech companies are reaching their limits

Dusseldorf, San Francisco Since Anton Döschl has been working in the technology sector, he has experienced a number of special situations, such as the CeBIT at their weddings or the financial crisis in 2008. The past few weeks have been “probably the most intense” in his career, says the manager. He is responsible for the IT group Cisco Sales and advice on communication and collaboration solutions, including the Webex system. And that is in demand more than ever.

Because public life is severely restricted by the coronavirus epidemic, companies send their employees to their home offices and connect them with video conferences and virtual meetings. Authorities, medical practices and schools are also dealing with the technology. Many of them contact Döschl and his team. “The number of strokes has increased enormously.”

While work is breaking out in large parts of the economy, tech companies such as Cisco, Microsoft, Zoom and Teamviewer, which offer systems for virtual collaboration, are experiencing a special boom. The situation is similar with network operators like that Deutsche Telekom, Vodafone or Telefónica. Worries about a bottleneck or failures make the round.

In a conversation with the Handelsblatt a few days ago, Telekom boss Timotheus Höttges gave the all-clear: “Our network runs completely smoothly without a single major failure.” Telekom had to upgrade in some places and the fixed network in particular was in demand again.

The head of Telekom, on the other hand, saw difficulties elsewhere: “There are some services, such as video conference providers, that are reaching their limits in terms of their capacities. Sometimes it’s the capacity of corporate networks. But it’s not because of the telecommunications networks. “

While the mobile and broadband networks have so far been able to withstand the rush, there are difficulties in their places. Technicians have to upgrade the data centers regularly, the sales representatives handle the mass of inquiries.

Sometimes the systems reach their limits. Even social media like Facebook and Twitter have been in demand for a long time. The corona crisis is a technical test – but when it pays off economically is open.

Video conferencing is becoming the norm

Webex is a platform through which users can chat, hold video conferences and edit documents, much like teams from Microsoft or Zoom from the US company of the same name. Many customers are currently working on the introduction of such solutions. “They are faced with the massive challenge of getting the employees into their home office,” says Döschl, who is currently having all the conversations himself from his home office.

If necessary, video conferences are also used in politics, education and healthcare. Chancellor Angela Merkel last reported from quarantine. A university in Rome switched the lectures to distance learning for 4800 students within 48 hours. Yoga and guitar teachers can also continue teaching. And even doctors and clinics are trying out the technology.

The data traffic is growing enormously. At the De-Cix Internet hub in Frankfurt, the volume increased by ten percent within a week, and the number of video conferences even doubled during this period.

The operating company emphasizes that the core network is designed for this – as soon as a certain threshold is reached, it increases capacity. However, there may be delays for individual users.

The rush is so big that even technology giants like Microsoft or Google Book failures. Of all things, the collaboration and communication service Microsoft Teams had to struggle with greater difficulties on the first day of the numerous school closings in Germany. Other providers of video and telephone conferences have had to admit technical problems time and again.

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The Dax is going up slightly from nervous trade – Trump is fueling oil prices

Dusseldorf The leading German index ended a volatile trading day 0.27 percent up and went out of trading at 9570 points.

After a friendly start to trading the Dax first sank at noon and was temporarily around two percent in the red. The reason for the interim low was weak US data. Because in the Coronavirus crisis rocketed jobless claims in the US to historic highs. Last week, 6.65 million Americans made an initial application, the Department of Labor said in Washington on Thursday.

These figures had an impact on the German and US stock markets. The leading Dow Jones index fell 0.1 percent at the start of trading. The US markets later recovered, however, with the Dow Jones peaking at 2.45 percent. The reason for this was the intervention of US President Donald Trump in the oil price war between Saudi Arabia and Russia.

On Thursday afternoon, the US President tweeted: “I just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke to President Putin of Russia, and I expect and hope that they will cut back about 10 million barrels.” added in a second tweet: “It could be up to 15 million barrels.”

Trump may have related the ten to 15 million barrels to the daily production of the two states. That would be five times the cut in funding that Saudi Arabia and Russia have been arguing about since the beginning of March. The oil price then jumped at the top by more than 30 percent. But later, oil prices dropped slightly again, as Kremlin spokesman Dmitri Peskow immediately contradicted Trump.

Many companies change their forecasts

Despite today’s bottom formation, the stock market remains under strain. Economic development is clouding over, and more and more companies are moving away from their previous forecasts. However, reports of short-time work continue to increase.

Since the beginning of the year, the 160 companies listed in the Dax, MDax and SDax indices have already had 59 changes in their forecasts, as the service provider for financial communication EQS in Munich counted.

The company did not determine whether the individual changes in the outlook were triggered by the corona pandemic. However, the fact that the vast majority at 51 occurred after February 16, when the crisis was picking up speed, suggests a connection.

According to investor sentiment, the Situation on the German stock market somewhat eased again. The evaluation of the survey conducted by the Frankfurt Stock Exchange shows that local investors with a medium-term investment horizon are now increasingly relying on falling prices, presumably due to some “frightening” economic forecasts.

According to sentiment analysis, such behavior is a contraindicator. According to the behavioral economist Joachim Goldberg, who evaluates the survey, such bad forecasts have the advantage that they can hardly be undercut by reality. In addition, investors are now realizing that the economic consequences of the corona crisis will be considerable.

He sees the overall development as positive because investors would probably buy again at a significantly lower level.

Speculation on falling prices still at four values

In the past trading week they had Hedge funds still with their speculations contributed to the fact that there was an intermediate recovery on the German stock market. (Read: How Ray Dalio’s Billion Bet Winned Dax)
And how are the hedge funds currently behaving? Bridgewater, Dalio’s hedge fund, has resolved its speculation on falling prices at twelve DAX values. Or more precisely: the quota for all twelve stocks fell below the reportable limit of 0.5 percent of freely tradable shares.

The other funds that continue to focus on falling prices focus on four values: Covestro (1.7 percent), Deutsche Bank (2.9 percent), Germans Lufthansa (9.78 percent) and Wirecard (4.22 percent). The number shows the level of the short sale rate of freely tradable paper (as of Tuesday).

“When planning wealth, the rule is: never get out completely!”

Betting on falling prices in the Technical language Called short sales, operate according to the following principle: Investors borrow shares from companies where they expect price losses. They sell these papers afterwards and hope that the prices will drop. Then you can buy the shares back later and give them back to the lender. The difference between the short sale and the subsequent buyback is then the profit.

All of this leads to the conclusion: Trading with these four DAX values ​​is likely to become turbulent in the coming weeks. On the one hand, the outlook for these stocks is negative. But the Hedge funds will have to buy back the securities at some point.

This particularly affects Lufthansa’s share certificates, which slid to their lowest price level since 2012 on Wednesday. Almost ten percent of all freely tradable shares have to be bought back by the funds.

A calculation example shows that this buyback is likely to have a significant impact on the price. Of the 478 million freely tradable Lufthansa shares, 46 million shares are “sold short”. With a daily trading volume of around ten million units in the past week, this buyback should not be quick.

Look at the individual values

Rocket Internet: According to the start-up investor, it is financially prepared for burdens caused by the coronavirus pandemic, but the share was still down 2.45 percent at the close of trading. The bottom line was Rocket, whose biggest startups like Global Fashion Group or Home24 are now listed on the stock exchange last year, a profit of 280 million euros. In 2018, a profit of 196 million euros was incurred.

Hella: The auto parts supplier was hit by the corona pandemic in the third quarter of its 2019/20 financial year. Nevertheless, the headlight specialist is still within the expected range in the first nine months. For the full year, the board had already cashed its annual targets in mid-March due to the corona crisis. The share went down 2.53 percent from trading.

United Internet: They ended by 2.92 percent more United Internet-Share the trading day. The telecommunications provider plans to launch a new share buyback program with a volume of up to 150 million euros. A clear contrast to many other companies. The reinsurer Munich Re has, for example, stopped its current buyback program.

Carl Zeiss Meditec: Sluggish business hit the medical technology company and brought the shares down by 4.18 percent at the close of trading. Carl Zeiss Meditec has given up its financial targets for the current financial year 2019/20 due to the coronavirus crisis. A reliable forecast of business development is currently not possible.

What the chart technique says

Although there was no significant technical decision on Wednesday despite the high losses, the trading day was also not helpful. So the Dax was unable to close the small downward price gap.
Such downward price gaps arise when the daily low of the previous day is above the daily high of the subsequent trading day. The daily low on Tuesday was 9703 points, the daily high on Wednesday was reached at 9686 points.

On the other hand, the previous week’s low of 9453 was not fallen below. The Dax will, according to the Düsseldorfer Bank HSBC only switch back to crisis mode at prices below 9070 points.

The Frankfurt benchmark has moved far away from the important brands on the top. The decisive factor is the space between 10,138 and 10,391 points inclusive. Among other things, there is the low of December 2018 with 10,279 points, the starting signal for the rally until mid-February 2020 with the previous record high.

“This is the decisive hurdle in chart technology, skipping it would put the German standard values ​​on a quick recovery path,” say the technical analysts of the Düsseldorf-based bank HSBC.

Here is the page with the DAX course, here is the current tops & flops in the Dax. Current Short sales of investors can be found in our Short sales database. “

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Dax slips after weak US data

Dusseldorf After a friendly start to trading, the Dax slipped back into the red. The German stock market barometer is down more than 1.7 percent in afternoon trading at 9379 points. The reason for this is weak US data.

Because in the Coronavirus Crisis US Unemployment Claims Reach historic highs. Last week, 6.65 million Americans made an initial application, the Department of Labor said in Washington on Thursday. Analysts interviewed by the Reuters news agency had only expected 3.5 million applications. In the previous week, the previous high of 1982 had already been exceeded with almost 3.3 million applications.

Many economists assume that the unemployment rate of 3.5 percent will skyrocket in the wake of the wave of redundancies triggered by the virus pandemic: leading monetary authorities of the Federal Reserve expect an increase to double-digit figures. “The labor market situation in the United States can be described as catastrophic,” said the analysts at Landesbank Helaba.

The US unemployment rate will be released tomorrow Friday as part of the March job report. However, some of the statistics are collected before the outbreak of the corona crisis. So only the April values ​​should provide more information.

These numbers didn’t just impact the stock market. The gold price rose from $ 1,580 to $ 1,603 per troy ounce and is currently up 0.8 percent. The price of silver increases by almost four percent to $ 14.53 an ounce.

Yesterday, Wednesday, the leading German index went down again: He lost 3.9 percent and closed at 9545 points – that’s a minus of 390 points. All 30 DAX values ​​were negative yesterday. The ratio of winners to losers in the overall market was also clearly negative at 203 to 633.

Many companies change their forecasts

It is a dangerous mixthat continue to weigh on the stock market. Economic development is clouding over, and more and more companies are moving away from their previous forecasts. However, reports of short-time work continue to increase.

Since the beginning of the year, the 160 companies listed in the Dax, MDax and SDax indices have already had 59 changes in their forecasts, as the service provider for financial communication EQS in Munich counted.

The company did not determine whether the individual changes in the outlook were triggered by the corona pandemic. However, the fact that the vast majority at 51 occurred after February 16, when the crisis was picking up speed, suggests a connection.

According to investor sentiment, the Situation on the German stock market somewhat eased again. The evaluation of the survey conducted by the Frankfurt Stock Exchange shows that local investors with a medium-term investment horizon are now increasingly relying on falling prices, presumably due to some “frightening” economic forecasts.

According to sentiment analysis, such behavior is a contraindicator. According to the behavioral economist Joachim Goldberg, who evaluates the survey, such bad forecasts have the advantage that they can hardly be undercut by reality. In addition, investors are now realizing that the economic consequences of the corona crisis will be considerable.

He sees the overall development as positive because investors would probably buy again at a significantly lower level.

Speculation on falling prices still at four values

In the past trading week they had Hedge funds still with their speculations contributed to the fact that there was an intermediate recovery on the German stock market. (Read: How Ray Dalio’s Billion Bet Winned Dax)
And how are the hedge funds currently behaving? Bridgewater, Dalio’s hedge fund, has resolved its speculation on falling prices at twelve DAX values. Or more precisely: the quota for all twelve stocks fell below the reportable limit of 0.5 percent of freely tradable shares.

The other funds that continue to focus on falling prices focus on four values: Covestro (1.7 percent), Deutsche Bank (2.9 percent), Germans Lufthansa (9.78 percent) and Wirecard (4.22 percent). The number shows the level of the short sale rate of freely tradable paper (as of Tuesday).

“When planning wealth, the rule is: never get out completely!”

Betting on falling prices in the Technical language Called short sales, operate according to the following principle: Investors borrow shares from companies where they expect price losses. They sell these papers afterwards and hope that the prices will drop. Then you can buy the shares back later and give them back to the lender. The difference between the short sale and the subsequent buyback is then the profit.

All of this leads to the conclusion: Trading with these four DAX values ​​is likely to become turbulent in the coming weeks. On the one hand, the outlook for these stocks is negative. But the Hedge funds will have to buy back the securities at some point.

This particularly affects Lufthansa’s share certificates, which slid to their lowest price level since 2012 on Wednesday. Almost ten percent of all freely tradable shares have to be bought back by the funds.

A calculation example shows that this buyback is likely to have a significant impact on the price. Of the 478 million freely tradable Lufthansa shares, 46 million shares are “sold short”. With a daily trading volume of around ten million units in the past week, this buyback should not be quick.

Look at other asset classes

The prospect of a prolonged crisis in the United States weighs on the yuan. The chinese currency falls, a dollar costs 7.1283 yuan at the top 0.4 percent more and as much as it has not in almost half a year. In China, production is ramping up again after the corona virus outbreak, but customers are missing because the global economy is in quarantine.

Of the Oil price benefits from mediation efforts by US President Donald Trump in the dispute between Saudi Arabia and Russia. A barrel (159 liters) of light US oil costs nine percent more at $ 22.15, while North Sea oil of the Brent variety costs 10.1 percent to $ 27.23 per barrel.

According to a report by the “Wall Street Journal”, Donald Trump wants to meet with the CEOs of the largest oil companies on Friday to discuss ways out of the difficult situation. According to this, both aid for industry and punitive tariffs on oil exports from Saudi Arabia are under discussion.

Look at the individual values

Rocket Internet: According to the start-up investor, it is financially prepared for burdens caused by the coronavirus pandemic, but the share nevertheless falls by 1.97 percent. The bottom line was Rocket, whose biggest startups like Global Fashion Group or Home24 are now listed on the stock exchange last year, a profit of 280 million euros. In 2018, a profit of 196 million euros was incurred.

Hella: The auto parts supplier was hit by the corona pandemic in the third quarter of its 2019/20 financial year. Nevertheless, the headlight specialist is still within the expected range in the first nine months. For the full year, the board had already cashed its annual targets in mid-March due to the corona crisis. The share gains 0.16 percent.

United Internet: They are up 0.15 percent United Internet-Shares. The telecommunications provider plans to launch a new share buyback program with a volume of up to 150 million euros. A clear contrast to many other companies. The reinsurer Munich Re has, for example, stopped its current buyback program.

What the chart technique says

Although there was no significant technical decision on Wednesday despite the high losses, the trading day was also not helpful. So the Dax was unable to close the small downward price gap.
Such downward price gaps arise when the daily low of the previous day is above the daily high of the subsequent trading day. The daily low on Tuesday was 9703 points, the daily high on Wednesday was reached at 9686 points.

On the other hand, the previous week’s low of 9453 was not fallen below. According to the Düsseldorf-based bank HSBC, the Dax will only go back into crisis mode at prices below 9070 points.

The Frankfurt benchmark has moved far away from the important brands on the top. The decisive factor is the space between 10,138 and 10,391 points inclusive. Among other things, there is the low of December 2018 with 10,279 points, the starting signal for the rally until mid-February 2020 with the previous record high.

“This is the decisive hurdle in chart technology, the skipping of which would put the German standard values ​​on a quick recovery path,” say the technical analysts at Düsseldorfer Bank HSBC.

Here is the page with the DAX course, here is the current tops & flops in the Dax. Current Short sales of investors can be found in our Short sales database. “

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Current Dax rate: Dax defies weak US requirements

Dusseldorf Investors can breathe a sigh of relief: The German stock market starts this Thursday with a plus despite poor specifications from the USA in the trade. Of the Dax rises in the first trading hour by 0.4 percent to 9582 points.

Yesterday, Wednesday, the leading German index fell again: The Dax lost 3.9 percent and closed at 9545 points – that’s a minus of 390 points. All 30 Dax values ​​are in the minus. The ratio of winners to losers on the overall market was also clearly negative at 203 to 633.

The start on the German stock market could have been much worse. Because the indices in the USA continued to decline after the close of trading in Germany and went out of trading with a decrease of more than four percent.

The US central bank wants the Fed to face the corona virus crisis Facilitation for the banking industry create. According to its own statements, the central bank is temporarily changing the calculation of the debt ratio (SLR, supplementary leverage ratio). Large banks are now allowed, among other things, to leave their holdings of government bonds out of the calculation for the key figure.

Trade in Asia was mixed. While the Tokyo stock exchange gave way, the mainland Chinese indices are up.

It is a dangerous mixthat continue to weigh on the stock market. Economic development is clouding over, and more and more companies are moving away from their previous forecasts. However, reports of short-time work continue to increase.

Since the beginning of the year, there have been 59 forecast changes in the 160 companies listed in the Dax, MDax and SDax indices, as the service provider for financial communication EQS in Munich counted. The company did not determine whether the individual changes in the outlook were triggered by the corona pandemic. However, the fact that the vast majority at 51 occurred after February 16, when the crisis was picking up speed, suggests a connection.

In the past trading week they had Hedge funds still with their speculations contributed to the fact that there was an intermediate recovery on the German stock market. (Read: How Ray Dalio’s Billion Bet Winned Dax)
And how are the hedge funds currently behaving? Bridgewater, Dalio’s hedge fund, has resolved its speculation on falling prices at twelve DAX values. Or more precisely: the quota for all twelve stocks has fallen below the notifiable limit of 0.5 percent of freely tradable shares.

The other funds that continue to focus on falling prices focus on four values: Covestro (1.7 percent), Deutsche Bank (2.9 percent) Germans Lufthansa (9.78 percent) and Wirecard (4.22 percent). The number indicates the level of the short sale rate of freely tradable paper. (As of Tuesday).

“When planning wealth, the rule is: never get out completely!”

Betting on falling prices in the Technical language Called short sales, operate according to the following principle: Investors borrow shares from companies where they expect price losses. They sell these papers afterwards and hope that the prices will drop. Then you can buy the shares back later and give them back to the lender.

All of this leads to the conclusion: Trading with these four DAX values ​​is likely to become turbulent in the coming weeks. On the one hand, the outlook for these stocks is negative. But the Hedge funds will have to buy back the securities at some point.

This particularly affects Lufthansa’s share certificates, which slid to their lowest price level since 2012 on Wednesday. Almost ten percent of all freely tradable shares have to be bought back by the funds.

A calculation example shows that this buyback is likely to have a significant impact on the price. Of the 478 million freely tradable Lufthansa shares, 46 million shares are “sold short”. With a daily trading volume of around ten million units in the past week, this buyback should not be quick.

This Thursday, the focus is again on an economic indicator that has not been observed for a long time. It’s about the Initial jobless claims in the United States. Last Thursday, the number of people registered as unemployed rose to over three million – a historic figure. Helaba analysts estimate that today the number will increase by another three million, meaning that a total of well over six million people have lost their jobs within two weeks.

Not a good sign for the US unemployment rate, which will be released tomorrow as part of the March job market report. However, some of the statistics are collected before the outbreak of the corona crisis. So only the April values ​​should provide more information.

According to calculations by Johns Hopkins University, more than 200,000 people in the United States are now infected with the corona virus, which is more than in any other country. To slow the spread, Trump is now considering restrictions on air traffic.

Look at other asset classes

The prospect of a prolonged crisis in the United States weighs on the yuan. The chinese currency falls, a dollar at 7.1283 yuan temporarily costs 0.4 percent more than it has in almost half a year. In China, production is ramping up again after the corona virus outbreak, but customers are missing because the global economy is in quarantine.

Of the Oil price benefits from mediation efforts by US President Donald Trump in the dispute between Saudi Arabia and Russia. A barrel (159 liters) of light US oil costs 7.6 percent more at $ 21.85, North Sea oil of the Brent variety costs 9.4 percent to $ 27.06 per barrel.

According to a report by the “Wall Street Journal”, Donald Trump wants to meet with the CEOs of the largest oil companies on Friday to discuss ways out of the difficult situation. According to this, both aid for industry and punitive tariffs on oil exports from Saudi Arabia are under discussion.

Look at the individual values

Rocket Internet: The startup investor claims to be financially armed for the coronavirus pandemic, which gives the share a plus of one percent. The bottom line was Rocket, whose biggest startups like Global Fashion Group or Home24 are now listed on the stock exchange last year, a profit of 280 million euros. In 2018, a profit of 196 million euros was incurred.

Hella: The auto parts supplier was hit by the corona pandemic in the third quarter of its 2019/20 financial year. Nevertheless, the headlight specialist is still within the expected range in the first nine months. For the full year, the board had already cashed its annual targets in mid-March due to the corona crisis. The share loses 0.6 percent.

United Internet: They are up 0.2 percent United Internet -Shares. The telecommunications provider plans to launch a new share buyback program with a volume of up to 150 million euros. A clear contrast to many other companies: the reinsurer Munich Re has, for example, stopped its current buyback program.

What the chart technique says

Although there was no significant technical decision on Wednesday despite the high losses, the trading day was also not helpful. So the Dax was unable to close the small downward price gap.
Such downward price gaps arise when the daily low of the previous day is above the daily high of the subsequent trading day. The daily low on Tuesday was 9703 points, the daily high on Wednesday was reached at 9686 points.

On the other hand, the previous week’s low of 9453 was not fallen below. The Dax, according to the Düsseldorfer Bank, only return to crisis mode at prices below 9070 points. #

The Frankfurt benchmark has moved far away from the important brands on the top. The decisive factor should be between 10,138 up to and including 10,391 points. Among other things, there is the low of December 2018 with 10,279 points, the starting signal for the rally until mid-February 2020 with the previous record high.

“This is the decisive hurdle in chart technology, the skipping of which would put the German standard values ​​on a quick recovery path,” say the technical analysts at Düsseldorfer Bank HSBC.

Here is the page with the DAX course, here is the current tops & flops in the Dax. Current Short sales of investors can be found in our Short sales database.

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United Internet approves new share buyback program

United Internet

The Management Board of United Internet has launched a share buy-back program with the approval of the Supervisory Board.


(Photo: dpa)

Berlin The internet and mobile operator United Internet wants to launch a new share buyback program. As part of this program, up to five million company shares are to be bought back via the stock exchange, the company listed in the MDax announces in a mandatory notice.

The total volume of the share buyback program is up to 150 million euros. The program should start on April 3 and will run until August 31, 2020 at the longest. The company plans to release further details before the share buyback begins.

With the resolution, United Internet “makes use of the authorization granted by the Annual General Meeting on May 18, 2017,” the statement continues. On the basis of this authorization, the company has so far 12,635,523 shares, which according to the information account for 6.51 percent of the share capital. The company currently holds 6,338,513 treasury shares.

United Internet boss Ralph Dommermuth wants with the telecommunications subsidiary 1 & 1 Drillisch Deutsche Telekom, Vodafone and challenge Telefónica and become part of the network operators.

But the project is delayed. The planned schedule could no longer be met, said Dommermuth at the press conference at the end of March. The reason is the outbreak of the coronavirus pandemic, which makes network expansion difficult. Permits are required, which are currently difficult to obtain because many building authorities have closed.

Stagnating business this year

Although the company has seen a sharp increase in telephone calls and data consumption in the fixed network, the company expects business to stagnate overall this year.

However, the impact of the pandemic is just one of several challenges for the company. United Internet wants to be able to use the existing networks in Germany, at least in the meantime, to set up its own infrastructure.

His company had been talking to Telekom, Vodafone and Telefónica for months. But no agreement had yet been reached. “The three potential negotiating partners are in no particular hurry,” said Dommermuth.

More: United Internet is aiming for stable business.

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Corona virus delays the establishment of the 5G network

United Internet boss Ralph Dommermuth

The entrepreneur’s network plans are delayed.

(Photo: Thies Rätzke for Handesblatt)

Dusseldorf Internet entrepreneur Ralph Dommermuth wanted to rise to the circle of network operators in Germany. He wanted Deutsche Telekom, Vodafone and challenge Telefónica. The construction of the new infrastructure should actually start now. But the project is delayed. The planned schedule could no longer be met, said Dommermuth on Thursday at his company’s balance sheet press conference United Internet.

The outbreak of the corona pandemic complicates network expansion. Permits are needed for the laying of new fiber optic lines. But these are currently difficult to get. “Many building authorities have closed,” said Dommermuth. Dommermuth is also cautious when it comes to business development.

Although his company saw a sharp increase in telephone calls and data consumption in the fixed network, the company expects business to stagnate overall this year. The company behind brands such as GMX and Web.de had increased its sales by 1.8 percent to around 5.2 billion euros in the past financial year.

Adjusted earnings (Ebitda) rose 5.4 percent to just under EUR 1.27 billion. The MDax group plans to raise its dividend from five cents in the previous year to 50 cents. At the subsidiary 1 & 1 Drillisch, who is primarily responsible for the network expansion, announced Dommermuth, however, to keep the dividend at the prescribed minimum of five cents. “We want to keep our powder dry,” said Dommermuth.

However, the impact of the corona pandemic is just one of several challenges facing the company. United Internet wants to be able to use the existing networks in Germany at least in the meantime to set up its own infrastructure. His company had been talking to Telekom, Vodafone and Telefónica for months. But no agreement had yet been reached. “The three potential negotiating partners are in no particular hurry,” said Dommermuth.

Federal Network Agency could intervene

The conflict between the newcomer and the established providers was already emerging. The heads of Telekom, Vodafone and Telefónica had spoken out against building a new competitor right from the start. However, all four companies took part in the auction of the frequencies for the upcoming 5G mobile communications standard last year. United Internet alone had paid more than one billion euros for the use of the frequencies.

The Handelsblatt learned from corporate circles that the network operators Vodafone and Telefónica had already submitted contracts for the shared use of their infrastructure. However, the network operators could not agree on the financial details with United Internet or 1 & 1 Drillisch.

If the companies do not come together, the case could end up with the Federal Network Agency. The authority sets the framework for the telecommunications industry in Germany. It had decided against an obligation to share the infrastructure required by United Internet. Authorities president Jochen Homann had argued, however, that there was a “negotiation requirement” and a “prohibition of discrimination”.

If negotiations between the companies fail, the authority could check whether government intervention is necessary. However, it is unclear how long such a check would take.

More: The corona pandemic is a stress test for the data networks.

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United Internet is aiming for stable business

United Internet

A company sign on a United Internet building on the premises of subsidiary and internet company 1 & 1.


(Photo: dpa)

(Update: Additional company figures added) United Internet is targeting stable business for Montabaur The telecommunications provider United Internet has undertaken a stable business development for the current year and wants to pay a significantly higher dividend again. The distribution for the past year should be 0.50 euros per share, as the MDax group announced on Wednesday in Montabaur. A year earlier, there had only been a dividend of 5 cents because United Internet and its telecommunications subsidiary 1 & 1 Drillisch bought expensive mobile radio frequencies for the new 5G data radio in 2019. CEO Ralph Dommermuth owns around 42.5 percent of United Internet shares.

United Internet sales and earnings are expected to be around the 2019 level this year. Since then, the revenue increased by 1.8 percent to 5.2 billion euros. United Internet is currently creating a slow hardware business for smartphones and tablets from its subsidiary 1 & 1 Drillisch, and the company is also reducing online advertising space for private customer offers such as GMX and Web.de.

Earnings before interest, taxes, depreciation and amortization rose 5.4 percent to EUR 1.27 billion. However, this was due to the changed accounting for leases, without which the operating result would have decreased by almost 2 percent.

The bottom line was a profit attributable to shareholders of 396.4 million euros. It rose to 2.13 euros per share after 94 cents a year earlier. Above all the weak share price development in the participation Tele Columbus United Internet had rocketed high impairments in 2018.

Telecommunications subsidiary 1 & 1 Drillisch, with United Internet boss Ralph Dommermuth the established network providers Deutsche Telekom, Vodafone and Telefonica Germany wants to attack, the number of customer contracts increased by 790,000 over the year. At 1 & 1 Drillisch alone, sales rose by 1.1 percent to EUR 3.67 billion, the operating result fell by more than 5 percent to EUR 683.5 million.

More: Home work because of the pandemic: Vendors like Microsoft or Zoom are promoting commercial solutions. There are free and safe alternatives.

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1 & 1 Drillisch pushes cellular plans through new alliance

Head office of 1 & 1 in Montabaur

The expansion of the future 5G mobile communications standard is closely related to the expansion of the fiber optic network in Germany.


(Photo: dpa)

Dusseldorf Last summer there was a fundamental change in the German mobile communications market. Internet entrepreneur Ralph Dommermuth had set himself the goal of establishing the established network operator Deutsche Telekom. Vodafone and challenge Telefónica. To do this, he wanted to set up a fourth network operator.

In the auction of 5G frequencies alone, the United Internet-Subsidiary Drillish Netz AG from around one billion euros. After the auction ended in June, things became quiet about Dommermuth and his ambitious plans.
Until now.

As the Handelsblatt learned, Dommermuth’s group around United Internet was able to agree on a framework agreement after months of negotiations with the Federal Association for Broadband Communication (Breko), in which many city network operators are united. This provides that the approximately 200 Breko companies together with the United Internet subsidiary 1 & 1 Versatel push ahead with fiber optic expansion in Germany and above all want to help open up 5G mobile phone locations.

The step has a signal effect. The expansion of the future 5G mobile communications standard is closely related to the expansion of the fiber optic network in Germany. An antenna can usually only be used reliably for 5G if it has been connected with fiber optics. However, the expansion is expensive and many construction companies are overloaded. It can sometimes take months or years for a construction company to tackle an optical fiber project.

United Internet tries to avoid this bottleneck. Versatel operates an approximately 50,000 km long fiber optic network, is active in 250 German cities, including 19 of the 25 largest cities in Germany. However, this is not enough for the expansion of 5G mobile radio. For comparison: Deutsche Telekom’s fiber optic network spans more than 500,000 kilometers.

5G expansion of 1 & 1 take off

Versatel technical director Claus Beck said: “The cooperation with Breko and its members means that the planning of the 5G mobile network of our sister company 1 & 1 Drillisch continues to gain momentum.” Breko managing director Stephan Albers said the framework agreement enables the networks without long negotiations to provide for mobile phone locations. “Many will participate because it is an attractive business model,” emphasized Albers. Versatel is a member of the Breko.

For United Internet, however, a core problem remains unsolved. It will be many years before the company can offer its own network across Germany. The agreement with Breko can accelerate the expansion in rural areas. But nothing more.

For months now, United Internet has been negotiating with the three major network operators Deutsche Telekom, Vodafone and Telefónica to share their infrastructure. So far, however, according to Handelsblatt information, no agreement has been reached. United Internet was not satisfied with the network operators’ offers. They complain that United Internet wants to buy valuable access to expensive infrastructure for little money.

United Internet originally pushed for legally guaranteed guarantees for the shared use of the other networks, so-called national roaming. The president of the Federal Network Agency, Jochen Homann, had argued: “It is not legally possible to oblige companies to let third parties online and to dictate prices.” However, he had said that all providers were subject to a negotiation requirement and a ban on discrimination.

United Internet insists on these rules. “If no timely solution emerges, the Federal Network Agency will have to exercise its referee role,” said a spokesman. The company had already complained to the advisory board of the Federal Network Agency about the procedure of the network operator. The “mirror” had first reported on the step. A formal complaint to the authority is still pending. However, a review process could take months to years.

More: More and more companies are building on the 5G standard

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