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United Internet Shares Down 7.5% Premarket Over Drillisch F’Cast
1&1 Drillisch Confirms Recently Raised 2020 Outlook - Revenue +4%, Service Revenue +2-3%, Flat EBITDA
United Internet H1 EBITDA down 1.5%, affirms outlook
United Internet AG is a Germany-based Internet service provider (ISP) and holding company of the United Internet Group. The Company's products and technical services are divided into two key segments. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications. The Applications segment includes such applications as home pages, e-shops, Personal Information Management applications, group work, online storage and office software. The Application segment also includes the operations of the Company’s brands Sedo and affilinet, which serve customers performance-based advertising and sales possibilities. The Company’s brand portfolio also includes GMX, WEB.DE, 1&1, united-domains, Fasthosts and InterNetX. In addition, the Company develops Internet based applications, such as cloud applications. The Company acts primarily via its wholly owned subsidiary 1&1 Internet AG, and Sedo Holding AG, in which it holds a majority stake.
Elgendorfer Strasse 57
Chief Executive Officer, Chairman of the Management Board
Independent Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Management Board
Independent Chairman of the Supervisory Board
Independent Member of the Supervisory Board
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* DGAP-NEWS: UNITED INTERNET GETS OFF TO GOOD START IN FY 2020
Shares in telecoms firm 1&1 Drillisch and its parent United Internet slumped to six-year lows on Thursday after they trimmed profit guidance due to initial 5G network costs and higher line connection charges.
German telecoms firm 1&1 Drillisch and its parent company United Internet slightly trimmed their profit guidance on Wednesday to account for regulatory effects and the initial costs of a planned 5G network.
United Internet's mobile unit 1&1 Drillisch said on Thursday it would apply to take part in Germany's auction of 5G licenses, opening the way for it to become the country's fourth network operator.
United Internet's mobile unit 1&1 Drillisch said it would apply to take part in Germany's auction of 5G licences, potentially opening the way for it to become the country's fourth network operator.
Billionaire Ralph Dommermuth's two telecoms firms convened their boards on Thursday to decide whether to apply to participate in Germany's 5G licence auction, potentially opening the way for a bid to become the country's fourth network operator.
United Internet has not yet decided whether or not to take part in Germany's upcoming auction of 5G spectrum, a company spokesman said on Thursday, denying an earlier media report.
United Internet will take part in Germany's upcoming auction of 5G spectrum, business weekly Wirtschaftswoche reported on Thursday, adding that the company had already concluded business partnerships in preparation of the move.
Tele Columbus is focused on building its business and boosting internet services to 3.6 million customers after problems integrating recent acquisitions, as Germany's third-largest cable TV provider seeks to stay independent.
Deutsche Telekom and United Internet are in talks on cooperating to build out Germany's fibre optic network, potentially defusing a standoff between the two firms ahead of 5G mobile licence auctions next year.
* GRAPHIC: Mobile market share 2017: https://reut.rs/2MGQUFD (New throughout with CEO interview)
United Internet posted a 32.4 percent rise in core profits in the second quarter as the internet provider and virtual mobile network operator considers taking part in next year's German fifth-generation mobile spectrum auctions.
Shares in Germany's United Internet fell by 9 percent on Thursday after the company announced core earnings for last year that were on the lower side of its guidance range.
* SEES 2018 SALES GROWTH TO ABOUT EUR 5.2 BILLION, EBITDA INCREASE TO ABOUT EUR 1.2 BILLION
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.