1&1 Drillisch acquires frequencies in 5G spectrum auction
- Participation in 5G auction successfully completed
- 70 MHz spectrum acquired for EUR 1.07 billion
Maintal, June 12, 2019. The auction on the allocation of mobile spectrum in the 2 GHz and 3.6 GHz bands ended today according to the decision BK1-17/001 of the German Federal Network Agency ("Bundesnetzagentur") with Drillisch Netz AG, a wholly-owned Group subsidiary of 1&1 Drillisch AG, successfully acquiring a total of two frequency blocks of 2 x 5 MHz in the 2 GHz band and five frequency blocks of 10 MHz in the 3.6 GHz band. The total spectrum price amounts to EUR 1.07 billion.
In accordance with the auction conditions, EUR 735 million for frequencies in the 3.6 GHz band will be due for payment within 65 banking days after the award. A further payment of EUR 335 million for frequencies in the 2 GHz band is due for payment on 30 June 2024 since this spectrum will not be available until 1 January 2026.1&1 Drillisch has the possibility to rent frequencies in the amount of 2x10 MHz in the 2.6 GHz band from Telefónica Deutschland on the basis of the commitments given by Telefónica Deutschland as part of the EU merger clearance of the merger with E-Plus. These frequencies will be available until 31 December 2025. With this step, 1&1 Drillisch has laid the foundation for a successful and permanent positioning of the 1&1 Drillisch Group as Germany's fourth mobile network provider. 1&1 Drillisch intends to establish a powerful mobile communications network.
1&1 Drillisch AG The Management Board
Contact partner Oliver Keil Head of Investor Relations 1&1 Drillisch AG
Note: Financial performance indicators such as EBITDA, EBITDA margin, EBIT, EBIT margin or free cash flow are used in addition to the disclosures required by the International Financial Reporting Standards (IFRS) in the annual and interim financial statements of 1&1 Drillisch AG and in ad hoc reports pursuant to Art. 17 MAR to ensure a clear and transparent presentation of 1&1 Drillisch's business development. Information about the use, definition and calculation of these performance indicators is available on pages 38 and 39 of the Annual Report 2018 of 1&1 Drillisch AG.Contact: Oliver Keil Head of Investor Relations Mail: firstname.lastname@example.org
12-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: 1&1 Drillisch Aktiengesellschaft Wilhelm-Röntgen-Straße 1-5 63477 Maintal
Germany Phone: +49 (0) 6181 - 412 218 Fax: +49 (0) 6181 - 412 183 E-mail: email@example.com Internet: www.1und1-drillisch.de ISIN: DE0005545503 WKN: 554550 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 823609 End of Announcement DGAP News Service
823609 12-Jun-2019 CET/CEST