DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Legal Matter/Contract 
Telefónica Deutschland Holding AG: Court of arbitration confirms Price Review 1 opinion as binding - no retroactive MBA 
MVNO price reduction 
2021-02-05 / 19:51 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Munich, 5 February 2021 
Telefónica Deutschland: Court of arbitration confirms Price Review 1 opinion as binding - no retroactive MBA MVNO price 
reduction 
Today, the competent court of arbitration confirmed the binding nature of the final decision of the independent expert, 
dated 19 December 2019, with regards to the price review (PR1) initiated by 1&1 Drillisch at the beginning of September 
2017. 
In December 2019, the independent expert had fully confirmed the prices set out in the MBA MVNO agreement for 1&1 
Drillisch's capacity-based access to Telefónica Deutschland's mobile network and thus completely rejected 1&1 
Drillisch's request for a retroactive price reduction. With the now concluded arbitration proceeding, 1&1 Drillisch 
tried unsuccessfully to challenge this expert opinion. The reservation still contained in the expert opinion with 
regards to PR1 has already been removed in favour of Telefónica Deutschland on 17 December 2020. As such, there will be 
no retroactive price reduction from 5 September 2017 onwards. 
The arbitration ruling is legally binding between the parties and has the effect of a final court judgment. 
Furthermore, Telefónica Deutschland continues to consider the Price Reviews 2, 5 and 6 initiated by 1&1 Drillisch, 
which were not subject of the arbitration proceeding, to be unjustified in terms of content. 
More 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-02-05 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:  1166414 
MDAX TecDAX 
 
End of News   DGAP News Service 
=------------

1166414 2021-02-05

(END) Dow Jones Newswires

February 05, 2021 13:53 ET (18:53 GMT)