Telefonica Germany plans to invest EUR 4 bln in O2 network expansion

Tuesday 21 July 2020 | 09:16 CET | News
Telefonica Germany will invest EUR 4 billion in expanding its O2 network by 2022, said chief consumer officer and member of the board of directors Wolfgang Metze in a radio interview. In 2019, the company started to operate an average of one 4G site per hour and it plans to accelerate the expansion in 2020. In June, however, Telefonica informed the Federal Network agency that it was unable to expand its LTE network by 3,040 new sites by the end of the month. The regulator replied by threatening Telefonica with a fine of EUR 600,000 for missing the coverage requirements of the frequency

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Categories: Mobile & Wireless
Companies: O2 Germany / Telefonica Germany / Telefonica O2 Germany
Countries: Germany
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