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Regulatory Filings • Jun 12, 2019
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Ad-hoc | 12 June 2019 19:35
United Internet Group subsidiary 1&1 Drillisch acquires frequencies in 5G spectrum auction
United Internet AG / Key word(s): Strategic Company Decision
United Internet Group subsidiary 1&1 Drillisch acquires frequencies in 5G spectrum auction
12-Jun-2019 / 19:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
– Participation in 5G spectrum auction successfully completed
– 70 MHz spectrum acquired for EUR 1.07 billion
Montabaur, June 12, 2019. The auction on the allocation of mobile spectrum in the 2 GHz and 3.6 GHz bands according to the decision BK1-17/001 of the German Federal Network Agency (“Bundesnetzagentur”) ended today with 1&1 Drillisch, a Group subsidiary of United Internet AG, successfully acquiring a total of two frequency blocks of 2 x 5 MHz in the 2 GHz band and five frequency blocks of 10 MHz in the 3.6 GHz band. The total auction price amounts to EUR 1.07 billion.
The acquired frequency blocks in the 2 GHz band will not be available until 1 January 2026. 1&1 Drillisch has the possibility to rent frequencies in the amount of 2×10 MHz in the 2.6 GHz band from Telefónica Deutschland on the basis of the commitments given by Telefónica Deutschland as part of the EU merger clearance of the merger with E-Plus. These frequencies will be available until 31 December 2025.
With the frequency acquisition, 1&1 Drillisch has laid the foundation for a successful and permanent positioning of the 1&1 Drillisch Group as Germany’s fourth mobile network provider. 1&1 Drillisch intends to establish a powerful mobile communications network.
Contact partner
United Internet AG
Mathias Brandes
Tel: +49 2602 96-1616
12-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | United Internet AG |
| Elgendorfer Straße 57 | |
| 56410 Montabaur | |
| Germany | |
| Phone: | +49 (0)2602 / 96 – 1100 |
| Fax: | +49 (0)2602 / 96 – 1013 |
| E-mail: | [email protected] |
| Internet: | www.united-internet.de |
| ISIN: | DE0005089031 |
| WKN: | 508903 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 823613 |
| End of Announcement | DGAP News Service |