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Deutsche Telekom has emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024. The German incumbent witnessed notable increases in revenue, earnings, and net profit, propelled by a surge in its European operations. The company’s performance underscores a positive growth trajectory amidst a competitive telecom landscape.

BT Group has reported a slight revenue increase to £20.8 billion, a 1% rise from last year, driven by price hikes for broadband customers, robust sales of fibre products in Openreach, and growth in the consumer division. However, the company’s pre-tax profits dropped sharply by 31%, falling to £1.18 billion, despite a 2% rise in adjusted EBITDA, which reached £8.1 billion.

Quickline, the UK broadband operator, has successfully connected the initial homes to its Project Gigabit-funded full fibre network in Yorkshire, achieving this milestone less than three months after securing the contract. This achievement, although modest in scale, signifies a promising acceleration in the UK government’s fibre broadband initiative.

Cornerstone, a leading passive infrastructure provider managing Virgin Media O2 (VMO2) and Vodafone’s shared mobile network, is set to introduce a cutting-edge neutral host network utilizing smart street light technology in urban environments.The partnership between Cornerstone and Signify, a Netherlands-based company spun off from Philips in 2016, will leverage Signify’s BrightSites Broadband Luminaire products. These innovative LED streetlamps act as network extenders, supporting a mesh network using 60 GHz millimetre-wave (mmWave) spectrum to facilitate 5G connectivity.

Nokia, a leading telecommunications equipment provider, has secured a significant deal with German alternative network operator Deutsche Glasfaser to enhance its fixed access and IP network services. This partnership aims to expand Deutsche Glasfaser’s existing network infrastructure to reach a target of 6 million homes, tripling its current coverage of 2 million homes across Germany.