vonovia
Telecommunications firm Vodafone has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats. The deal between Vodafone and Vonovia was announced on Monday, with service due to be offered beginning in July. The market segment has been highly competitive for many years. In 2013, rival Deutsche Telekom won a contract with Deutsche Annington - a real estate firm that is now part of Vonovia - to lay fibre optic lines to rental apartments. As a rule, however, Deutsche Telekom installed conventional copper...
DPA International
Telecommunications firm Vodafone has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats. The deal between Vodafone and Vonovia was announced on Monday, with service due to be offered beginning in July. The market segment has been highly competitive for many years. In 2013, rival Deutsche Telekom won a contract with Deutsche Annington - a real estate firm that is now part of Vonovia - to lay fibre optic lines to rental apartments. As a rule, however, Deutsche Telekom installed conventional copper...
DPA
Telecommunications firm Vodafone has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats. The deal between Vodafone and Vonovia was announced on Monday, with service due to be offered beginning in July. The market segment has been highly competitive for many years. In 2013, rival Deutsche Telekom won a contract with Deutsche Annington - a real estate firm that is now part of Vonovia - to lay fibre optic lines to rental apartments. As a rule, however, Deutsche Telekom installed conventional copper...
DPA Breaking News
Vodafone hat einen Infrastruktur-Vertrag mit einem der größten Wohnungsunternehmen Deutschlands abgeschlossen. Von Juli 2024 an haben 120.000 zusätzliche Wohneinheiten der Vonovia wieder die Möglichkeit, ins Kabel-Glasfasernetz von Vodafone zurückzukehren, wie die Unternehmen am Montag mitteilten. Das Marktsegment ist seit vielen Jahren stark umkämpft. Im Jahr 2013 hatte die damalige UnityMedia, die inzwischen zu Vodafone gehört, den Großauftrag der damaligen Deutschen Annington - heute Bestandteil der Vonovia - an die Deutsche Telekom verloren. Ursprünglich war geplant, dass die Telekom Glasf...
DPA (German)
Germany's largest residential property group Vonovia has returned to profit in the first quarter after a multi-billion-euro loss in the previous year. Net income for the three months to the end of March totalled €335.5 million ($360 million), the DAX-listed company announced on Tuesday. In the same period of the previous year, Vonovia had suffered a loss of just under €2.1 billion due to a devaluation of its property portfolio. At just under €83.7 billion at the end of March, the value of the property portfolio remained almost stable compared to the end of 2023. The bottom of the value trend i...
DPA International
Germany's largest residential property group Vonovia has returned to profit in the first quarter after a multi-billion-euro loss in the previous year. Net income for the three months to the end of March totalled €335.5 million ($360 million), the DAX-listed company announced on Tuesday. In the same period of the previous year, Vonovia had suffered a loss of just under €2.1 billion due to a devaluation of its property portfolio. At just under €83.7 billion at the end of March, the value of the property portfolio remained almost stable compared to the end of 2023. The bottom of the value trend i...
DPA Breaking News
Germany's largest residential property group Vonovia has returned to profit in the first quarter after a multi-billion-euro loss in the previous year. Net income for the three months to the end of March totalled €335.5 million ($360 million), the DAX-listed company announced on Tuesday. In the same period of the previous year, Vonovia had suffered a loss of just under €2.1 billion due to a devaluation of its property portfolio. At just under €83.7 billion at the end of March, the value of the property portfolio remained almost stable compared to the end of 2023. The bottom of the value trend i...
DPA
German real estate investment giant Vonovia slipped significantly deeper into the red last year as property values declined, reporting a loss in 2023 of nearly €6.8 billion ($7.4 billion). The company blamed the further devaluation of its real estate portfolio for the losses, which were reported on Thursday evening after the close of trading. Vonovia valued its rental property portfolio at around €83.9 billion at the end of December. A year earlier, the company put the value of that same portfolio at €94.7 billion. In 2022, Vonovia reported overall financial losses of around €669 million due t...
DPA International
German real estate investment giant Vonovia slipped significantly deeper into the red last year as property values declined, reporting a loss in 2023 of nearly €6.8 billion ($7.4 billion). The company blamed the further devaluation of its real estate portfolio for the losses, which were reported on Thursday evening after the close of trading. Vonovia valued its rental property portfolio at around €83.9 billion at the end of December. A year earlier, the company put the value of that same portfolio at €94.7 billion. In 2022, Vonovia reported overall financial losses of around €669 million due t...
DPA International
German real estate investment giant Vonovia slipped significantly deeper into the red last year as property values declined, reporting a loss in 2023 of nearly €6.8 billion ($7.4 billion). The company blamed the further devaluation of its real estate portfolio for the losses, which were reported on Thursday evening after the close of trading. Vonovia valued its rental property portfolio at around €83.9 billion at the end of December. A year earlier, the company put the value of that same portfolio at €94.7 billion. In 2022, Vonovia reported overall financial losses of around €669 million due t...
DPA
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