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Telefónica Deutschland Holding AG, DE000A1J5RX9

Telefónica Deutschland Holding AG, DE000A1J5RX9

10.09.2019 - 16:34:22

Telefónica Deutschland Holding AG: Telefónica Deutschland considers divestiture of passive infrastructure

Munich, 10 September 2019

Telefónica Deutschland considers divestiture of passive infrastructure

Telefónica Deutschland is considering selling further parts of its passive mobile communications infrastructure portfolio. One possible scenario is the sale of rooftop sites to the Telefónica S.A. subsidiary Telxius. The currently attractive valuations for structural network infrastructure provide Telefónica Deutschland with the opportunity to further enhance its financial flexibility.

Following the sale of around 2,350 free-standing mobile towers to Telxius in April 2016, the company is currently considering a potential sale of a large part of its 19,000 owned mobile rooftop sites in the course of next year.

The considerations concern structural and infrastructural components as well as the respective rental contracts for the locations. The active transmission technology is not affected and will remain the property of the company. Telefónica Deutschland would retain long-term usage rights for the sites in the event of a sale of the infrastructure or a transfer of the leases. We continue to pursue opportunities arising from potential network sharing or co-invest models.

We are currently seeing strong demand in the capital market for passive mobile communications infrastructure and expect a decision to be taken over the next few months, with execution in 2020. The expected proceeds will further enhance our financial flexibility.

We reiterate our full-year 2019 guidance and the mid-term targets and will provide transparency on 5G investment requirements and a dividend update with H2 2019.

More Information:

Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 50 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e ir-deutschland@telefonica.com

10.09.2019 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. Archive at www.dgap.de

Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 50 80992 München

Germany Phone: +49 (0)89 24 42 0 Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 871363 MDAX TecDAX   End of News DGAP News Service

871363  10.09.2019 

@ dgap.de