It was a tough struggle. Since mid-March, the frequency auction for the new mobile standard 5G has already been running. But now a decision has been made. EUR 6.55 billion will be paid by Deutsche Telekom, 1 & 1 Drillisch, Telefónica Deutschland and Vodafone for the frequencies. The shares react differently.
The top winner in after-hours trading is the share of newcomer 1 & 1 Drillisch, which comes in at plus nine percent. Background: Drillisch pays for the frequencies only 1.07 billion euros, less than the other four bidders. Since Drillisch does not have its own network yet, this must be rebuilt. The fear of the high costs had therefore already sent the stock down in advance.
Deutsche Telekom is paying the most for the new frequencies with around 2.17 billion euros. On the stock market, however, the share of the top dog hardly reacted. THE SHAREHOLDER had previously reported that Telekom is financially best placed to cope with the billions in costs for 5G.
With a total cost of € 6.55 billion, the auction was generally more expensive than expected – in the run-up to only revenues of three to five billion euros were expected. With the long-awaited end of the auction, the introduction of the fifth mobile generation (5G) can now continue to gain momentum.
However, the consequences for the telecom companies, in particular for the new entrant Drillisch and the financially under pressure Telefónica Germany, are still difficult to predict. Investors should therefore currently not hurry and wait until the situation has calmed down.
Meanwhile, anyone who invests in Telekom can stick to it. The stock remains interesting for conservatives.
SHAREHOLDERS will discuss the 5G auction in detail on Thursday and give a more detailed assessment of the individual shares.
. (tagsToTranslate) 5G (t) Share (t) Auction (t) dax (t) Deutsche Telekom (t) drillisch (t) Telefonica (t) vodafone