display

Bonn (dpa) - Deutsche Telekom wants to use fiber optic cables to connect significantly more people to the fast Internet than before.

Board boss Tim Höttges wants to explain to shareholders the importance of this topic, for which billions in investments are required, at the general meeting of the Dax group today (10 a.m.).

He should appear self-confident and in a good mood, because Telekom has had a successful year - for the first time sales rose to more than 100 billion euros (101 billion), and profits climbed 7.5 percent to 4.2 billion euros.

As in the previous year, the shareholders' meeting is a purely online format - the board of directors is in front of the camera to answer the questions submitted in advance.

In the run-up to the event, there was resentment among shareholder representatives that the dividend should only be paid 60 cents per share - that is, the same as in 2019 and 10 cents lower than in 2018. That is “stingy”, complains Winfried Mathes from Deka Investment own information represents about one percent of the Telekom share capital.

Frederik Beckendorff from the German Association for the Protection of Securities Holdings (DSW) finds the dividend amount "in need of explanation".

With a view to the expansion of fiber optics, Beckendorff asks "to what extent customers are willing to pay more for more performance".

The new, pure fiber optic cables that go into the apartments enable gigabit download speeds.

The competitors Vodafone and Tele Columbus also offer a maximum speed and do not use fiber optics on the last stretch to the apartment, but TV cable.

display

© dpa-infocom, dpa: 210331-99-45243 / 2