BERLIN (Reuters) - The CEO of Deutsche Telekom criticized the amount companies will have to pay to get fifth generation mobile internet spectrum in Germany as the amount of total bids approached 5 billion euros ($5.6 billion) on Wednesday.
“This money is taken away from the customers, citizens and operators,” Timotheus Hoettges said at a conference in Berlin.
“You can only spend the euro once,” he said, adding that 4.6 billion euros equal 23,000 mobile sites that the industry cannot build.
Reporting by Nadine Schimroszik; writing by Thomas Seythal; editing by Tassilo Hummel
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