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via finance.yahoo.comBusiness & Companies

Deutsche Telekom CEO says SpaceX would need at least €200 billion to challenge US carriers

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk'sSpace Exploration Technologies Corp. would need at least €200 billion (about $220 billion) to challenge America's established wireless carriers, Deutsche Telekom AG…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible SpaceX entry into US wireless is a competitive theme relevant for telecom operators.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Höttges said SpaceX holds 76 MHz of spectrum versus roughly 400 MHz held by T-Mobile US.
  2. 02He estimated that expanding that position would require triple-digit billions.
  3. 03The comments came during Deutsche Telekom's earnings call on November 5.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Deutsche Telekom AGDTE.XETRAStock26.16 EURMarket closedtoday +0.96%Neutral T-Mobile US, Inc.TMUSStock168.71 USDMarket closedtoday +4.14%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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