Roland Waltereit, the CEO of Lünecom, shared insights into the company’s growth and strategy during a recent interview at the company’s headquarters in Lüneburg. Despite initial concerns raised during a recent staff meeting, Waltereit reassured that the company’s liquidity is stable and emphasized a continued focus on growth, albeit at a slower pace and with a keen eye on costs.
Having joined Lünecom as the 17th employee three years ago, Waltereit reflected on the company’s rapid expansion, now boasting a workforce of 300 employees under the umbrella of the parent company, North Fiber Holding. Following a recent leadership change, job security is assured for existing employees, although future hiring may proceed at a more moderate pace.
Cost efficiency is a key priority for Waltereit, particularly in the realm of procurement and the tendering of construction works. Highlighting the significant costs associated with infrastructure construction, Waltereit outlined plans to streamline operations and reduce expenses in these areas. In the Uelzen district, efforts are underway to accelerate the installation of household connections in expansion areas to ensure swift service delivery to customers.
The company’s performance in expanding its network has been met with positive reception, although specific figures on connection rates were not disclosed due to the competitive nature of the fiber optic market. With rivals such as Deutsche Telekom and Vodafone vying for market share, Lünecom remains focused on expanding its footprint and capturing new territories, with plans to target areas like Bad Bodenteich in the near future.
Additionally, Lünecom aims to secure the opportunity to operate in underserved regions within the Uelzen district, leveraging a funding commitment from the local government to bolster its network infrastructure. Waltereit expressed optimism about the prospect of extending coverage across the entire Uelzen district, underscoring the company’s dedication to bridging connectivity gaps in rural areas.
Beyond the Uelzen district, Lünecom and its affiliated companies are engaged in network expansion projects in regions such as Heidekreis, Wolfenbüttel, and Beverungen in North Rhine-Westphalia. Despite initial financial losses incurred during the network expansion phase, Waltereit emphasized the long-term profitability of such investments, projecting a gradual return on investment as operations scale up.
With ambitious plans to become a leading provider in Northern Germany, North Fiber is actively seeking additional investors to support its expansion initiatives. Waltereit expressed confidence in the company’s financial backing from UBS funds, highlighting a solid partnership that underpins the company’s growth trajectory.
As Lünecom navigates the dynamic landscape of the telecommunications industry, Waltereit’s strategic vision and emphasis on sustainable growth position the company for continued success in delivering high-speed connectivity to communities across Northern Germany.