DGAP-Ad-hoc: 1&1 Drillisch Aktiengesellschaft / Key word(s): Strategic Company Decision
- 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.
1&1 Drillisch AG
Head of Investor Relations
12-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||1&1 Drillisch Aktiengesellschaft|
|Phone:||+49 (0) 6181 - 412 218|
|Fax:||+49 (0) 6181 - 412 183|
|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