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Telefónica Deutschland Holding AG: Telefónica Deutschland receives final clearance for E-Plus acquisition

DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Mergers &
Acquisitions
Telefónica Deutschland Holding AG: Telefónica Deutschland receives
final clearance for E-Plus acquisition

29.08.2014 / 16:08

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August 29, 2014

Telefónica Deutschland receives final clearance for E-Plus
acquisition

MUNICH. Today, Telefónica Deutschland has received the EU Commission's
final clearance for the acquisition of the E-Plus Group from the Dutch
telecommunication group KPN. The European Commission confirmed that the
previously announced agreement with Drillisch complies with the agreed
upfront conditions.

"With the final clearance of the European Commission now granted, we are
able to close the transaction soon, and create a leading digital
telecommunication company in Germany," said Markus Haas, CSO of Telefónica
Deutschland. Rachel Empey, CFO of Telefónica Deutschland, added: "By
combining the strengths of both Telefónica Deutschland and E- Plus, the new
company is well positioned to challenge the market with even more
innovative products and services, combined with a great customer
experience."

In the course of the merger clearance process, Telefónica Deutschland has
agreed to sell upfront 20 percent of its mobile network capacity using a
Mobile Bitstream Access model, with the opportunity to extend up to an
additional 10 percent. Telefónica Deutschland had signed a corresponding
contract with Drillisch, which the European Commission has now confirmed
complies with the upfront conditions associated with the approval of the
transaction.

Telefónica Deutschland remains confident to close the acquisition during
the third quarter of 2014. As a next step Telefónica Deutschland will
execute the capital measures to finance the transaction.

Further information:
Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 23-25
D-80992 Munich
t [phone]
f [phone]
e [e-mail]



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Language: English
Company: Telefónica Deutschland Holding AG
Georg-Brauchle-Ring 23-25
80992 München
Germany
Phone: [phone]
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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