T-Mobile owner on Elon Musk launching a wireless carrier: ‘Welcome to the party’
Summary
The chief executive of T-Mobile parent company Deutsche Telekom is questioning the feasibility of SpaceX turning Starlink Mobile into a major United States carrier. During a recent earnings call, the executive stated that building such a network would require an immense financial investment of at least two hundred billion dollars.
The head of T-Mobile's parent company is casting doubt on SpaceX's plans to make Starlink Mobile a "major" carrier in the US. During an earnings call on Thursday, Deutsche Telekom CEO Tim Höttges says he takes the Elon Musk-owned company "super serious," but that it will cost at least $200 billion to pull off: He [Musk] has now bought 76…
Source: Read the full story at The Verge
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.