Telecom network operator Deutsche Telekom has revealed its investment plan towards Capex expenditure (Capex) to 11.2 billion euros or nearly $12.35 billion in 2016.

Deutsche Telekom said its investment towards Capex expenditure (Capex) was 10.8 billion euros (+13.5 percent) or nearly $12 billion in 2015.

“Increasing customer numbers for fiber-optic lines and integrated products, growing cloud revenues, and further growth in mobile customer numbers in the United States. Deutsche Telekom plans to maintain the growth of the last year and continue to grow profitably in 2016,” said Deutsche Telekom CEO Tim Hottges in a statement.

Deutsche Telekom revenue increased 10.5 percent to 69.2 billion euros, while net profit rose 11.3 percent to 3.3 billion euros in 2015.

Deutsche Telekom revenue reached 22.4 billion euros (+0.7 percent) in Germany, $32.1 billion (+8.1 percent) in the US, 12.7 billion euros (–2 percent) in Europe

In Germany, Deutsche Telekom added 532,000 FTTC and FTTH lines between October and December to 4.4 million. Around 40 percent of new fiber-optic customers in the roll-out areas book Entertain. It posted 51,000 new Entertain customers in Q4, taking the total to 2.7 million.

T-Mobile US’ LTE network now reaches 304 million people compared with 265 million in 2014.

In Europe, Deutsche Telekom said LTE mobile networks reached coverage of 71 percent of the population against 47 percent in 2014. Hungary and Greece have network coverage of 97 and 82 percent respectively. In the fixed network, the number of households with an available bandwidth of more than 100 Mbit/s increased from 2.9 million to 3.7 million.

Baburajan K
[email protected]