Telefonica Deutschland Holding AG

M&A Activity • Feb 5, 2021

News Details

Corporate | 5 February 2021 23:03

Telefónica Deutschland Holding AG: EU Commission confirms Telefónica Deutschland’s national roaming offer in line with merger remedies

DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Contract

05.02.2021 / 23:03

The issuer is solely responsible for the content of this announcement.

Munich, 5 February 2021

Telefónica Deutschland: EU Commission confirms Telefónica Deutschland’s national roaming offer in line with merger remedies

Telefónica Deutschland welcomes the EU Commission’s confirmation that the national roaming offer submitted to 1&1 Drillisch is competitive and in good faith. The offer thus complies with the “MNO remedy” under the antitrust rules from the merger of Telefónica Deutschland and E-Plus in 2014, which include the option of converting the existing MBA MVNO agreement into a national roaming agreement.

In line with the EU Commission, Telefónica Deutschland’s final offer is valid until 19 February 2021.

Regardless of 1&1 Drillisch’s decision to accept the offer, the long-term partnership between the companies continues. Furthermore, Telefónica Deutschland does not expect any negative retrospective impact on financial results for fiscal year 2020. Telefónica Deutschland’s financial planning and the medium-term outlook remain unaffected.

Further information:

Telefónica Deutschland

Investor Relations

Georg-Brauchle-Ring 50

D-80992 Munich

t +49 (0)89 2442-1010

f +49 (0)89 2442-2000

e ir-deutschland@telefonica.com

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05.02.2021 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.

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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:	1166425

MDAX TecDAX

End of News	DGAP News Service