Q4 2024 1&1 Earnings

1&1 had 2,309 antenna locations at the end of 2024, below 3,000 target

  • 1&1 says at the end of 2024, they had 2,309 antenna locations, that’s below the 3,000 that they had targeted.
  • It added that it currently has 6,000 antenna locations that are operational or being targeted.
  • At the end of Q3 2024, it had 2,016 antenna locations.

Assessment
While the number of antenna locations at the end of 2024 were below the target, the number of antenna locations in the pipeline is solid. I think at the end of the day what matters is coverage that it will have at the end of 2025. The Federal Network Agency requires 1&1 to achieve [25%](https://This looks possible considering the antenna sites pipeline.) coverage at the end of 2025. To achieve this, it needs around 6,000 to 6,500 antenna sites. This looks possible considering the antenna sites pipeline.

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