DGAP-Adhoc:Telefónica Deutschland Holding AG: Telefónica Deutschland grants network access to Drillisch in view of the E-Plus acquisition
Telefónica Deutschland Holding AG / Key word(s): Agreement 25.06.2014 07:00 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.
Telefónica Deutschland grants network access to Drillisch in view of the E-Plus acquisition Munich, June 25, 2014 - Today, Telefónica Deutschland signed an agreement with Drillisch, according to which Drillisch agreed to acquire, in addition to the capacity necessary to provide services to its existing customers hosted on Telefónica Deutschland's or E-Plus' networks, 20 % of the capacity of all mobile networks that will be under the control of Telefónica Deutschland following the consummation of the proposed acquisition of E-Plus Group. The 20 % will be reached via a glide path mechanism over a period of 5 years. In addition, Drillisch shall have the right to acquire up to 10% additional capacity of those networks. Telefónica Deutschland will grant Drillisch, via a Mobile Bitstream Access model, access to the future joint network of Telefónica Deutschland and E-Plus, as well as to the existing and future technology developments on that network, which Drillisch may offer to its customers. The agreement has been entered into with a view to the pending decision by the European Commission in the merger control proceeding relating to the acquisition of E-Plus by Telefónica Deutschland, which is expected in the near future. By means of the agreement certain remedies shall be implemented, which Telefónica Deutschland offered during merger control proceedings in order to remove competition concerns of the European Commission. The Agreement with Drillisch will become effective only if the European Commission conditionally clears the acquisition of E-Plus and confirms that the Agreement with Drillisch complies with the conditions and obligations possibly attached to the approval of the proposed transaction. The decision by the European Commission with respect to the merger is expected for July. Telefónica Deutschland Holding AG entered into an agreement relating to the acquisition of E-Plus Group from Koninklijke KPN N.V., Den Haag, on July 23, 2013. 25.06.2014 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