Deutsche Telekom CEO Timotheus Hoettges said the telecom company plans to increase spending (Capex) on networks in Germany to $27 billion 23.5 billion euros in the next five years.
The proposed investment in its home market is expected to assist the European telecom major to take on main rivals including Vodafone Group and Telefonica, said a Bloomberg report.
The carrier will invest in its German landline and mobile networks, small cells and the digitalization of infrastructure. The company budgeted 23 billion euros for 2010 to 2015.
Vodafone CEO Vittorio Colao said in November that he wants to reduce telecom Capex when he completes $29 billion global network upgrade program called Project Spring next year.
Deutsche Telekom’s proposed investment will be a big boost for network equipment vendors such as Ericsson, Alcatel-Lucent, Nokia Networks, ZTE and Huawei Technologies.