Deutsche Telekom shares rise as T-Mobile announces 5G network plans

By: Ilona Billington
Ilona Billington
Ilona is a freelance writer and editor with over 15 years experience reporting and writing about UK and European… read more.
on Feb 28, 2018

Deutsche Telekom shares are in the green as US wireless business T-Mobile – a subsidiary of the German company – announced its plans to provide 5G across 30 US cities. T-Mobile told Mobile World Congress delegates it will work with Ericsson and Nokia.

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By 1200 BST, Deutsche Telekom shares were 0.11% higher at €13.30, losing a little ground from higher levels earlier in the session. T-Mobile shares, meanwhile, closed down 1.91% at $59.94. Ericsson and Nokia shares were both in red.

T-Mobile US 5G plans

Speaking at the Barcelona event, T-Mobile said it plans to provide a 5G network to the US that will allow smartphones on the move, to make the most of the new capabilities 5G will bring.

“5G is a lot more than faster speeds,” T-Mobile said in a press release. “It enables brand new IoT experiences, massive connectivity, smart cities, decade long battery life, ultra-responsive networks and increased speed, but it’s more than that – to fully unleash 5G requires a nationwide network.”

“At T-Mobile, our vision of a 5G future keeps the customer front and centre, just like the way we built the nation’s fastest LTE network,” said Neville Ray, Chief Technology Officer at T-Mobile.

T-Mobile to work with European network tech providers

In order to get its 5G network up and running, T-Mobile is working with Ericsson and Nokia. Both firms provide technical network equipment and the new roll out of 5G should prove a positive time for them.

Ericsson said it will provide T-Mobile with 5G radio access products.

“We have been working in close partnership with T-Mobile on 5G for tests in the lab, field trials, and now initial deployment into the T-Mobile network,” said Ericsson VP and head of business area networks, Fredrik Jejdling. “Our 5G Platform enables operators like T-Mobile to launch 5G as quickly as possible.”

Nokia, meanwhile, said it would provide advanced radio access network support for T-Mobile’s 4G and 5G subscribers and will begin its work in the second quarter of 2018.

“We are excited to work with T-Mobile for their ground breaking nationwide 5G rollout,” said Rajeev Suri, Nokia’s president and CEO.

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