POST Online Media Lite Edition


Deutsche Telekom, EWE to invest 2bn euros in German fiber buildout

Staff Writer |
A major step toward the gigabit society is being taken in northwest of Germany: Deutsche Telekom and EWE are planning to expand the fiber-optic network and to directly connect over a million private households to it, using FTTB/FTTH.

Article continues below

The two companies plan to launch the effort by establishing their first joint venture, and today they signed a declaration of intent to that end.

Deutsche Telekom and EWE plan to work together in the German states of Lower Saxony, North Rhine-Westphalia and Bremen, with each of the two partners receiving a 50 percent stake in the planned joint venture.

The ten-year time frame for the network expansion calls for the joint venture to invest up to two billion euros, with a priority on rural areas, and with operations scheduled to begin in mid-2018. The joint venture still has to be approved by the German Federal Cartel Office.

The joint venture plans to create a state-of-the-art infrastructure that will be offered for use to other telecommunications-services providers. EWE and Deutsche Telekom, and other providers, will all be able to use the new network for their own sales and marketing efforts.

What to read next

DT sells 70% stake in Scout24
Deutsche Telekom to buy 100% of its Czech unit
Deutsche Telekom to buy GTS Central Europe