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Magenta: High demand for 5G internet and smartphone products

Magenta: High demand for 5G internet and smartphone products

Mobile communications services company Magenta increased its sales by four percent to 652.3 million euros in the first half of 2021, and adjusted EBITDA increased by one percent to 248.9 million euros. The demand for Internet products, 5G smartphones and sales in the business segment remains high. The company said in a press release on Thursday that growth in the wholesale segment has been dampened by a marked drop in sales in the roaming business.

“After the lockdown is over, the digitization of Austria continues unchecked. We can sense this in increased demand across the board from business clients to private homes,” said Andreas Berwirth, CEO of Magenta Telekom. Broadband customers saw a five percent increase to 650,000 connections (fiber-optic cable internet and DSL/mixed) in the first half of 2021, while mobile customers saw a two percent increase to 5.07 million customers compared to the mid-year benchmark. 2020 The number of TV customers decreased slightly compared to the previous year from 427,000 to 417,000, while there was a slight growth in the number of Magenta TV app users.

Full throttle in network expansion

In the first half of the year, €107.6 million was invested in network and IT expansion – an increase of four percent over the same period the previous year. According to the company, the Austrian-wide 5G network will be built with the current investment offensive and all existing fiber-optic cable networks in all supply regions will be upgraded to gigabit networks. In addition, another 150,000 gigabit connections will be built by 2025. According to its own information, Magenta provides about three quarters of all gigabit connections in Austria. About 45 percent of all households in Austria are provided with Gigabit-enabled connections.

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At the end of the first half of 2021, Magenta had 1,400 5G sites. This corresponds to the view of about 40 per cent of households and companies. The supply is set to expand up to 50 percent in 2021.