Start of cash capital increase:Next step in the acquisition of E-Plus

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Today Telefónica Deutschland Holding AG is beginning with the implementation of the cash capital increase for the partial financing of the cash consideration for the acquisition of E-Plus. The management board, with the consent of the supervisory board, today set the subscription price for the new shares and further details of the execution of the cash capital increase.

Telefónica Deutschland acquires E-Plus from the Dutch telecommunications provider KPN with the payment of an acquisition price and a transfer of shares of the new extended company. In order to generate the money for the payment, Telefónica Deutschland now implements a cash capital increase. It is intended to raise gross issue proceeds of approximately EUR 3.62 billion.

Markus Haas & Rachel Empey
"With today's publication of the prospectus and the signing period for the rights issue we are confident to close the transaction within this quarter as planned", says Markus Haas, CSO of Telefónica Deutschland Holding AG. "After the successful completion of the transaction Telefonica will accelerate to build a leading Digital Telecommunications Company in Germany." "We will focus on realizing the significant synergies and value creation potential and we will continue to pursue our mobile data strategy", said Rachel Empey, CFO of Telefónica Deutschland Holding AG. "With our strong financial delivery we will generate sustainable value for our shareholders." Further information can be found on our IR website.
Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in the Prime Standard, and its wholly-owned, operationally active subsidiary Telefónica Germany GmbH & Co. OHG is part of the Spanish telecommunication group Telefónica S.A. headquartered in Madrid. The company offers its German private and business customers post-paid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS, UMTS and LTE technologies with its product brand O2. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed Internet. With a significant presence in 24 countries and a customer base of more than 313 million accesses, Telefónica is one of the largest telecommunications companies around the world.