Deutsche Telekom CEO Slams Cost Of German 5G Auction

Deutsche Telekom slammed the cost of Germany’s auction of frequencies for fifth-generation mobile services on Thursday but vowed to keep bidding to secure the spectrum it needs.

“We as market leader will get the spectrum we want, and will keep bidding enthusiastically,” CEO Tim Hoettges said after Europe’s largest telecoms firm reported first-quarter revenue and profit growth in line with expectations.―New York Times