DGAP-RPT: United Internet AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

DGAP Related Party Transactions announcement: United Internet AG / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act] United Internet AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution 10.12.2021 / 20:00 Dissemination of a Related Party Transactions announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. United Internet-subsidiary 1&1 Versatel Deutschland GmbH deepens cooperation with 1&1 Mobilfunk GmbH (formerly Drillisch Netz AG) to build Europe's first fully virtualized mobile network based on new OpenRAN technology Montabaur, 10 December 2021. On 9 December 2021, 1&1 Versatel Deutschland GmbH ("1&1 Versatel") entered into an intercompany agreement with 1&1 Mobilfunk GmbH to cooperate in the construction and operation of 1&1's fully virtualized mobile network based on new OpenRAN technology. The contract stipulates, inter alia, that 1&1 Versatel will provide the transport network (in particular fibre optic lines) as well as data centres and the corresponding data centre infrastructure for the construction and operation of the mobile network. Other services to be provided by 1&1 Versatel in connection with the construction and operation of the new mobile network will be subject to separate agreements. The contract has an initial term until the end of 2050 and can be terminated prematurely for cause, in particular if 1&1 Mobilfunk GmbH no longer holds the mobile communications frequencies required to operate the mobile network. For the services and works to be performed by 1&1 Versatel to 1&1 Mobilfunk GmbH, customary market prices are to be paid, which have been verified on the basis of extensive benchmarking with the support of external consultants. The prices are subject to standard market price adjustment mechanisms. The total economic volume of the contract depends, in particular, on the degree of the roll-out of the mobile network and the associated purchase volume. It is expected that the payments to be made by 1&1 Mobilfunk GmbH to 1&1 Versatel under the contract in connection with the first build-out stage of data centres and corresponding data centre infrastructure as well as the transport network until year-end 2025 will amount to approximately EUR 170 million. United Internet AG indirectly holds 100% of the shares in 1&1 Versatel. 1&1 Mobilfunk GmbH is an indirect wholly-owned subsidiary of 1&1 AG, approximately 78.32% of whose shares are held by United Internet AG.   Montabaur, 10 December 2021 United Internet AG Management Board Further information: About United Internet With over 26 million fee-based customer contracts and more than 39 million ad-financed free accounts, United Internet AG is a leading European internet specialist. At the heart of United Internet is a high-performance "Internet Factory" with approx. 10,000 employees, of which around 3,200 are engaged in product management, development, and data centers. In addition to the high sales strength of its established brands (such as 1&1, GMX, WEB.DE, IONOS, STRATO, and 1&1 Versatel), United Internet stands for outstanding operational excellence with around 66 million customer accounts worldwide. Contact partner United Internet AG Lisa Pleiß Phone [phone] [e-mail] 10.12.2021 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
Internet:	www.united-internet.de

End of News	DGAP News Service

1256735  10.12.2021