Telefonica Deutschland Holding AG

M&A Activity • Nov 14, 2014

News Details

Corporate | 14 November 2014 08:01

Telefónica Deutschland Holding AG: Telefónica Deutschland and Drillisch sign Letter of Intent for the sale of yourfone

Telefónica Deutschland Holding AG / Key word(s): Letter of Intent

14.11.2014 / 08:01

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November 14, 2014

Telefónica Deutschland and Drillisch sign Letter of Intent for the sale of yourfone

Munich – Telefónica Deutschland and Drillisch AG have signed a non-binding Letter of Intent (LOI) which enables Drillisch to acquire the E-Plus holding yourfone GmbH by January 2015. During the next weeks both parties will discuss details of a potential transaction which is subject to approval by the competent bodies. Drillisch considers acquiring yourfone GmbH together with all brand rights, customers and employees thereby ensuring continuity for all stakeholders involved.

The potential sale of Hamburg based yourfone GmbH and its approximately 235.000 active subscribers clearly demonstrates Telefónica Deutschland’s determination to push ahead with the integration process under way and underlines the company’s ambition to become the leading digital telco in Germany. yourfone customers will benefit from the strong customer experience of Telefónica Deutschland’s network in the course of the integration of the E-Plus network and further performance improvements arising from this.

While the transaction under discussion represents a unique opportunity, Telefónica Deutschland does currently not intend to sell further customers of its combined portfolio after the merger with E-Plus. As already announced the multi-brand strategy, Telefónica Deutschland and E-Plus were very successful in addressing different customer segments in the past, will remain in effect in the combined company. Further details with regard to the future brand architecture will be defined during the ongoing transformation and integration process.

Telefónica Deutschland has a strong heritage in cooperations in and outside the telco industry and in this context has a longstanding relationship with Drillisch. Both companies had agreed on a comprehensive network deal this summer and Drillisch also has announced plans to acquire a significant number of O2/E-Plus shops for its way forward in the German market.

In the case of a final agreement Telefónica Deutschland expects a purchase price in the medium to high double-digit million euro range. There is no impact on the company’s profit and loss statement to be expected.

More Information:

Telefónica Deutschland

Investor Relations

Georg-Brauchle-Ring 23-25

D-80992 München

t +49 (0)89 2442-1010

f +49 (0)89 2442-2000

e ir-deutschland@telefonica.com

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Language:	English
Company:	Telefónica Deutschland Holding AG
	Georg-Brauchle-Ring 23-25
	80992 München
	Germany
Phone:	+49 (0)89 24 42 0
Internet:	www.telefonica.de
ISIN:	DE000A1J5RX9
WKN:	A1J5RX
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
	TecDAX

End of News	DGAP News-Service

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