DGAP-News: Telefónica Deutschland Holding AG: Versatel and Telefónica agree long-term cooperation for fibre

DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Miscellaneous Telefónica Deutschland Holding AG: Versatel and Telefónica agree long-term cooperation for fibre 21.10.2013 / 11:07
Versatel and Telefónica agree long-term cooperation for fibre - Versatel takes over fibre network of Telefónica in Hamburg - Subject to antitrust clearance the transaction will be closed by the end of the year Düsseldorf/Munich, October 21, 2013 - Versatel, one of the leading telecommunication companies for business and wholesale customers in Germany, takes over the fibre network of Telefónica in the city of Hamburg. Besides Berlin, Versatel now owns a very compact fibre network with 93.000 kilometres of fibre and 1.000 kilometres of cable accordingly; also in the second biggest city of Germany, Hamburg. With this transaction both companies enforce their existing cooperation for fixed and mobile services. By signing the contract, Versatel gets one oft he biggest expansions of its fibre network in the recent history of the company. Besides the network, Versatel will also buy a new build data processing service centre. This allows Versatel not only to offer to its business and wholesale customers a better network coverage but also the possibility for more comprehensive housing services. Especially in the north of Germany, Versatel strengthens its position as a leading infrastructure and telecommunication company for business customers. Hamburg is deemed one of the important industrial locations in Germany, not least due to the national harbour that is ranked among the most important container harbours internationally. The takeover is a custom-fit for the Versatel business model. Telefónica in return ensures itself the long-term access to the Versatel fibre network. As such, the company will sustain to offer attractive products and services to its business and consumers customers. 'Versatel has on long standing experience in running and rolling out fibre infrastructure. With the consolidation of the networks, we are ever more the right partners for the increasing requirements of our customers in respect of broadband, both in the region of Hamburg and throughout Germany. After Berlin, Versatel now also has a comparable comprehensive own network infrastructure in the second biggest German city', says Johannes Pruchnow, chairman of the Versatel management. 'The enlargement of our existing cooperation allows Telefónica to deploy UMTS and LTE mobile sites in the total fibre network of Versatel and to provide excellent data usage experience to its business and retail customers', says René Schuster, CEO of Telefónica Deutschland. Last year already, Versatel has strengthened its footprint by taking over KielNET. Versatel is represented in the 33 biggest German cities with own infrastructure. The sale is subject to regulatory approval and the transaction should be closed by the end of 2013. End of Corporate News
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Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart TecDAX End of News DGAP News-Service
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