Telekom's T-Mobile Wants Its Own Fiber-Optic Network, Handelsblatt Reports
--Deutsche Telekom's U.S. subsidiary T-Mobile is set for a strategic shift from its focus on mobile communications as it plans to build its own fiber-optic network, German newspaper Handelsblatt reports, citing people at Deutsche Telekom directly or indirectly involved in the decision.
--The German mobile-communications firm is planning a joint venture with partner Lumos Networks, in which T-Mobile intends to invest at least $1 billion, according to the newspaper.
--Initially, the joint venture aims to build fiber-optic connections in Virginia, Handelsblatt says.
--Telekom declined to comment when contacted by Dow Jones Newswires.
Full story in German: https://bit.ly/4aeOZCp
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
March 15, 2024 09:40 ET (13:40 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now