Return to: Q3 2025 United Internet Earnings

Aron’s assessment

1&1 is behind in antenna sites buildout which could result in fines and increased roaming costs:

Period 2022 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 E Q3 2025 Q4 2025 E Q1 2026 E Q2 2026 E Q3 2026 E
Guided antenna sites 1,000 1,200 3,000
Actual total number of antenna sites build 5 1,062 1,334 1,781 2,016 2,309 3,500 4,000-4,500 4,500-5,000 4,600-5,500 5,100-6,000 5,600-6,500
Actual number of antenna base stations (build but active) 136 303 380 508 Not given Not given 2,300 2,600-2,800 3,100-3,300 3,600-3,800 4,100-4,300 4,600-5,100
Base-station + Glassfiber 107 227 508 741 Not given Not given Not given
Actual actives Not given Not given Not given 525 1,000 1,000 1,000 1,200 1,400-1,500 1,500 1,700-2,000 2,000-2,500 2,500-3,500 3,000-4,500
Sites under development (all the sites) 6,000 5,000 5,800 4,500

Full Summary