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Telefónica Deutschland Holding AG: Telefónica Deutschland completes acquisition of E-Plus Group

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Telefónica Deutschland Holding AG: Telefónica Deutschland completes
acquisition of E-Plus Group

01.10.2014 / 07:29

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Not for release, publication or distribution in the United States, Canada,
Australia, South Africa or Japan

October 1, 2014

Telefónica Deutschland completes acquisition of E-Plus Group

Munich. Telefónica Deutschland has completed the acquisition of the E-Plus
Group. Now that the European Commission has confirmed clearance and the
capital increase has been successfully completed, the path is clear for the
formation of the leading digital telecommunications company in Germany.
With the closing of the transaction, the Management Board of the company
will consist of Thorsten Dirks as CEO, Markus Haas as COO and Rachel Empey
as CFO.

The merger of the two companies marks the beginning of one of the largest
provider of telecommunication services in Germany with almost 47 million
customer connections and a pro-forma revenue of around EUR 7.9 billion in
the fiscal year 2013. The company is the number one in the market by mobile
customers.

"We will take a special part in the digitalization of society, which will
cause a striking change within the entire telecommunications industry. The
merger of our two companies provides us with the unique opportunity to act
as a trend-setter and create real added value for our company and
customers," says Thorsten Dirks, CEO of Telefónica Deutschland Holding AG.
"Our clear aim is to build the leading digital telecommunications company
in Germany."

Markus Haas, COO of Telefónica Deutschland Holding AG, adds: "Our main
focus is our customers' needs. We want to offer them the best experience as
far as network, products and services are concerned."

"Thanks to the synergies created by the merger of the two companies, we
will also be able to offer added value for our shareholders," says Rachel
Empey, CFO of Telefónica Deutschland Holding AG. "We want them to continue
to benefit from attractive dividends, with Telefónica Deutschland retaining
its financial flexibility."

With the implementation of the acquisition, E-Plus will be a 100 percent
subsidiary of Telefónica Deutschland. For the time being there will be no
changes for customers. The design of the corporation as well as the
concrete execution of the operative strategy will be decided on in further
detail in the next few months.

In the course of the transaction, the former owner of E-Plus, KPN, will
receive a cash disbursement as well as shares of the newly founded
Telefónica Deutschland Holding AG.

These written materials are not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States.
Securities may not be offered or sold in the United States absent
registration under the US Securities Act of 1933, as amended, or an
exemption therefrom. The issuer has not and does not intend to register
any securities under the US Securities Act of 1933, as amended, and does
not intend to conduct a public offering of any securities in the United
States.

More Information:
Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 23-25
D-80992 München
t [phone]
f [phone]
e [e-mail]



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01.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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

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