DGAP-News:Telefónica Deutschland Holding AG: Prolongation of the terms of the MBA MVNO contract for 5 years
DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Agreement Telefónica Deutschland Holding AG: Prolongation of the terms of the MBA MVNO contract for 5 years 30.12.2019 / 19:11 The issuer is solely responsible for the content of this announcement.
Munich, 30 December 2019 Prolongation of the terms of the MBA MVNO contract for 5 years As expected, 1&1 Drillisch today exercised the contractually agreed extension option for the capacity-based MBA MVNO contract with Telefónica Deutschland. The contracts thus prolongs until 30 June 2025. By extending the contract, 1&1 Drillisch will to purchase a minimum of 20% of the Telefónica Deutschland network capacity for another five years starting 1 July 2020; with the option for another up to 10%. The prolongation complies with the remedies agreed with the European Commission in 2014 for the integration of Telefónica Deutschland and E-Plus. The commercial terms of the five-year extension period follow the rules of the existing MBA MVNO contract. Telefónica Deutschland is thus securing relevant revenue streams from the partnership with 1&1 Drillisch for the future. The prolongation of the MBA MVNO contract is independent of the so-called MNO remedy, which allows 1&1 Drillisch to convert the use of the Telefónica Deutschland network as a MBA MVNO into a national roaming agreement at unchanged commercial terms. In the context of the MNO remedy, the two companies already signed a frequency lease agreement on 18 December, which is still subject to approval by the Federal Network Agency. Both companies have agreed confidentiality concerning the status of further talks. We reiterate our full-year 2019 guidance as well as our mid-term targets. More Information: Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 50 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e firstname.lastname@example.org
30.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 50 80992 München Germany Phone: +49 (0)89 24 42 0 Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 945023 MDAX TecDAX End of News DGAP News Service