DGAP-News:Telefónica Deutschland Holding AG: Telefónica Deutschland agrees on spectrum lease to 1&1 Drillisch, implementing a remaining EU merger remedy
DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Miscellaneous Telefónica Deutschland Holding AG: Telefónica Deutschland agrees on spectrum lease to 1&1 Drillisch, implementing a remaining EU merger remedy 18.12.2019 / 18:01 The issuer is solely responsible for the content of this announcement.
Munich, 18 December 2019 Telefónica Deutschland agrees on spectrum lease to 1&1 Drillisch, implementing a remaining EU merger remedy - Telefónica Deutschland complies with EU merger remedy by leasing spectrum to 1&1 Drillisch - Maintaining a strong and competitive spectrum position - No impact on Telefónica Deutschland business development and model Telefónica Deutschland has agreed upon the lease of a frequency package of 2x 10 MHz in the 2.6 GHz band to 1&1 Drillisch until its maturity at the end of 2025 as requested by the latter. In return, Telefónica Deutschland will receive an annual usage fee. Telefónica Deutschland complies with EU merger remedies By leasing the spectrum to 1&1 Drillisch Telefónica Deutschland complies with another remedy agreed with the European Commission in the context of the merger of Telefónica Deutschland and E-Plus from 2014. At the same time, the Company is taking the opportunity to monetise a small part of its capacity spectrum. The plans to lease spectrum to 1&1 Drillisch are still subject to approval by the Federal Network Agency. However, the plans have already been reviewed in advance by the responsible Federal Network Agency and the European Commission. Option for national roaming in the Telefónica Deutschland network The spectrum lease is a conditional requirement for 1&1 Drillisch to be able to convert its current capacity-based MBA MVNO contract for the use of the Telefónica Deutschland network into a capacity based agreement for national roaming. The subsequent potential extension of the long-term network partnership between the two companies will ensure sustained revenue streams for Telefónica Deutschland from the cooperation. Spectrum lease has no impact on network expansion plans Even after the lease, Telefónica Deutschland maintains a highly competitive spectrum position of over 300 MHz of valuable spectrum. There is thus no impact on the company's plans for the expansion and roll-out of our 4G and 5G networks as announced at our Strategy Update on 11 December 2019. 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 email@example.com
18.12.2019 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: 939443 MDAX TecDAX End of News DGAP News Service