- CEO Hoettges: 1 billion-euro `vectoring' plan benefits Germany
- Hoettges wants competitors to stop `whining' over proposal
Deutsche Telekom AG Chief Executive Officer Tim Hoettges wants European Union authorities to quickly decide on its 1 billion-euro ($1.1 billion) proposal to upgrade copper lines in Germany to provide high-speed Internet to millions of homes.
While Deutsche Telekom’s vectoring proposal has been approved by Germany’s regulator Bundesnetzagentur, the European Commission still needs to give its feedback and should do so "quickly” to avoid investment delays, Hoettges said on a call with reporters Wednesday.
"We can’t wait and try to reach our targets at the same time,” Hoettges said. Deutsche Telekom’s competitors should “start investing courageously instead of permanently whining and criticizing politics and regulation.”
Europe’s biggest phone company, which also reported rising first-quarter earnings, has offered to spend 1 billion euros to by 2018 provide about 6 million German households with high-speed Internet using so-called vectoring technology to upgrade existing copper lines. Rivals including Vodafone Group Plc and Telefonica SA and German mechanics’ lobby groups have protested the plan, saying it would hurt competition by granting the Bonn-based company exclusive access to key network infrastructure.
The European Commission is analyzing the vectoring plans to assess whether they’re in line with EU rules and will decide by May 10 if it needs further information, a spokeswoman for the authority said by e-mail.