← Back to front page
United States · Regional markets · Business Insider

Deutsche Telekom CEO says SpaceX has a massive mountain to climb to compete in mobile: 'Welcome to the party!'

Published by Business Insider · United States 13 h ago
Deutsche Telekom CEO says SpaceX has a massive mountain to climb to compete in mobile: 'Welcome to the party!'
Business Insider

Detailed summary

The CEO of Deutsche Telekom, which owns most of TMobile US, said SpaceX will need to spend €200 billion if it wants to offer a mobile network.

The CEO of one of Europe's largest telecom networks is not stressed about Elon Musk's Starlink mobile ambitions — yet. "If he has the money, go for it," Deutsche Telekom CEO Tim Höttges said during the company's third-quarter earnings call Thursday.

Opening of the article, excerpted from Business Insider. To read the rest, open the article on the publisher's site.

Read the full article on Business Insider Sign in to save

MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.businessinsider.com)

Also worth reading

TechCrunch

Sequoia shutting down its Scouts program marks the end of an era

 Decrypt

Treasury Cuts Crypto Exchange MEXC Off From US Financial System

 Washington Post Business

Pennsylvania leaders condemn planned bike protest by pro-Palestinian groups