Growth strategy: The T-Mobile logo sits on a sign outside of the Deutsche Telekom AG headquarters in Bonn. Over the next three years, Deutsche Telekom plans to invest €20bil in Germany on 5G services and high-speed internet connections. — Bloomberg
BERLIN: Germany’s effort to catch up to the digital age starts this week when the gavel falls on the auction for the airwaves to build ultra-fast 5G wireless networks.
The rollout of the technology is critical as Europe’s biggest economy seeks to transition away from its reliance on old-school engineering. The country lags behind the likes of Qatar, Albania and Moldova when it comes to mobile Internet speeds, and its clunky network is becoming a handicap in the transition to a data-based economy.
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