DGAP-Adhoc:Telefónica Deutschland Holding AG: Telefónica Deutschland Holding AG signs agreement on the acquisition of E-Plus

Telefónica Deutschland Holding AG / Key word(s): Mergers & Acquisitions 23.07.2013 07:52 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Ad-hoc Telefónica Deutschland Holding AG Telefónica Deutschland Holding AG signs agreement on the acquisition of E-Plus Munich, July 23, 2013 - Telefónica Deutschland Holding AG signed an agreement with Royal KPN N.V. on the acquisition of KPN's German mobile telecommunications business E-Plus. With this transaction Telefónica Deutschland Holding AG will become a leading telecommunications company in Germany with a total of 43m customers and combined revenues of EUR 8.6bn (as of end 2012). Telefónica Deutschland expects significant synergy effects in particular with respect to distribution, customer service and network, with incremental value from additional revenue and other synergies. The total value of synergies is estimated to be EUR 5.0 - 5.5bn net of integration costs. KPN shall receive a cash consideration of EUR 3.7bn and newly issue shares. The cash consideration payable to KPN is to be financed via a share capital increase of Telefónica Deutschland. Telefónica S.A. will subscribe the issued shares proportionately to its current shareholding in Telefónica Deutschland. The new shares to be issued to KPN as further contribution will arise from a capital increase in kind providing KPN with a stake of 24.9 % in Telefónica Deutschland after both capital increases. Subsequently, Telefónica S.A. shall acquire shares amounting to 7.3 % in Telefónica Deutschland from KPN. This will finally result in a shareholding of Telefónica S.A. in Telefónica Deutschland of 65.0 % and KPN of 17.6 %. The execution of the transaction requires the approval of the general meeting of KPN and Telefónica Deutschland. Furthermore the transaction is subject to authority approvals and other customary closing conditions. The transaction is expected to be closed in mid 2014. 23.07.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Fax: E-mail: 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 Announcement DGAP News-Service