1&1 AG
Drillisch AG: EU Commission confirms MBA MVNO Agreement between Drillisch and Telefónica Deutschland
Drillisch AG / Key word(s): Miscellaneous/Agreement EU Commission confirms MBA MVNO Agreement between Drillisch and Telefónica Deutschland and gives Telefónica green light for acquisition of E-Plus Maintal, Germany. The European Commission today confirmed that the previously announced MBA MVNO Agreement concluded between Drillisch and Telefónica Deutschland regarding the subsidiary MS Mobile Services GmbH meets the requirements for approval. Moreover, Drillisch was attested to be suitable to carry out the implementation. With that, the EU also gave final approval for the acquisition of E-Plus group by Telefónica Deutschland. “The final approval by the European Commission ensures us as only competitor on the German market a significant share in Telefónica’s high speed network created by the merger. It also grants us exclusive, secure and unlimited access to all present and future technologies for a very long time,” says Vlasios Choulidis, Member of the Management Board of Drillisch AG. In the course of the approval process by the cartel authorities, Telefónica Deutschland has undertaken to sell at least 20% of its future capacities in the mobile phone network via Mobile Bitstream Access (“MBA”) to Drillisch before concluding the transaction. Furthermore, Drillisch has the opportunity to acquire up to 10% of additional network capacity. Drillisch’s wholly-owned subsidiary MS Mobile Services GmbH and Telefónica Deutschland have already signed the respective agreements. The EU Commission has now confirmed that (i) these agreements include the measures which had to be taken before conclusion of the transaction to get the approval, and (ii) Drillisch is suitable to implement the remedial action offered by Telefónica – the so called “Upfront MBA MVNO Remedies”. Drillisch is confident that Telefónica Deutschland will complete the acquisition during the third quarter of 2014 and that the MBA MVNO Agreement will then finally become effective. Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de 29.08.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Drillisch AG | |
Wilhelm-Röntgen-Straße 1-5 | ||
63477 Maintal | ||
Germany | ||
Phone: | +49 (0)6181 412 218 | |
Fax: | +49 (0)6181 412 183 | |
E-mail: | ir@drillisch.de | |
Internet: | www.drillisch.de | |
ISIN: | DE0005545503 | |
WKN: | 554550 | |
Indices: | TecDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
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