Telefónica Deutschland Holding AG / Key word(s): Agreement

25.06.2014 07:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Telefónica Deutschland grants network access to Drillisch in view of the
E-Plus acquisition

Munich, June 25, 2014 - Today, Telefónica Deutschland signed an agreement
with Drillisch, according to which Drillisch agreed to acquire, in addition
to the capacity necessary to provide services to its existing customers
hosted on Telefónica Deutschland's or E-Plus' networks, 20 % of the
capacity of all mobile networks that will be under the control of
Telefónica Deutschland following the consummation of the proposed
acquisition of E-Plus Group. The 20 % will be reached via a glide path
mechanism over a period of 5 years. In addition, Drillisch shall have the
right to acquire up to 10% additional capacity of those networks.

Telefónica Deutschland will grant Drillisch, via a Mobile Bitstream Access
model, access to the future joint network of Telefónica Deutschland and
E-Plus, as well as to the existing and future technology developments on
that network, which Drillisch may offer to its customers.

The agreement has been entered into with a view to the pending decision by
the European Commission in the merger control proceeding relating to the
acquisition of E-Plus by Telefónica Deutschland, which is expected in the
near future. By means of the agreement certain remedies shall be
implemented, which Telefónica Deutschland offered during merger control
proceedings in order to remove competition concerns of the European
Commission.

The Agreement with Drillisch will become effective only if the European
Commission conditionally clears the acquisition of E-Plus and confirms that
the Agreement with Drillisch complies with the conditions and obligations
possibly attached to the approval of the proposed transaction. The decision
by the European Commission with respect to the merger is expected for July.

Telefónica Deutschland Holding AG entered into an agreement relating to the
acquisition of E-Plus Group from Koninklijke KPN N.V., Den Haag, on July
23, 2013.

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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
Fax:
E-mail:
Internet: www.telefonica.de
ISIN: DE000A1J5RX9
WKN: A1J5RX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

TecDAX

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