“Deutsche Telekom recruits innogy“
German utility innogy will assist the country’s telecommunication heavyweight Telekom in expanding its broadband internet access, Ina Karabasz and Jürgen Flauger write in Handelsblatt Global Edition. Initially reluctant to rely on partners to develop high-speed internet across the country, Telekom’s turn to utility RWE’s renewable spinoff signals a strategic shift for the former telecom state monopoly, they say. According to the authors, innogy’s grid covers almost a quarter of Germany and provides electricity to more than 9 million customers, while Telekom services around 40 percent of the country’s broadband market.
Read the article in English here.