DGAP-Adhoc:Telefónica Deutschland Holding AG: Telefónica Deutschland and Telekom enter into Memorandum of Understanding to Expand Cooperation for Fixed-line Network
Telefónica Deutschland Holding AG / Key word(s): Miscellaneous 02.05.2013 07:35 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
Ad hoc announcement according to § 15 WpHG Munich, May 2, 2013 Telefónica Deutschland and Telekom enter into Memorandum of Understanding to Expand Cooperation for Fixed-line Network _______________________________________________________________ Munich, May 2, 2013 - Telefónica Deutschland and Telekom today concluded a Memorandum of Understanding to expand their cooperation in fixed line network. The cooperation involves the increased utilization by Telefónica Deutschland of Telekom's high-speed infrastructure for fixed line network products in the future. Based on this cooperation, Telefónica Deutschland will be enabled to realize the transition from its own ADSL infrastructure to a sustainable NGA platform. Telefónica Deutschland will further use VDSL- and vectoring products of Telekom. The completion of the transition is supposed to be finalized in 2019. The cooperation will be submitted to the competent authorities such as the Federal Network Agency as well as the Federal Cartel Office. The cooperation is subject to a final and binding agreement with Telekom, which agreement is currently envisaged for the end of 2013. The start of the cooperation is currently scheduled for 2014. 02.05.2013 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