Deutsche Telekom urges affordable terms for 5G spectrum auctions

Timotheus Hoettges, Chief Executive Officer of Germany's telecommunications giant Deutsche Telekom AG, poses before the annual shareholders' meeting of the company in Bonn, Germany May 17, 2018. REUTERS/Wolfgang Rattay

BONN, Germany: Deutsche Telekom on May 17 urged Germany to auction frequencies for fifth-generation mobile services on reasonable terms to ensure that there is enough money left over to invest in infrastructure.

“We can only spend each euro once – either on spectrum or network build-out. My suggestion would be on buildout,” CEO Tim Hoettges said in a speech to the company's annual shareholders meeting.