DGAP-News: 1&1 Drillisch Aktiengesellschaft
/ Key word(s): Miscellaneous/Miscellaneous
1&1 Drillisch leases spectrum to build its own 5G network
Maintal, 18 December 2019. As announced at the end of the 5G auction, 1&1 Drillisch AG will lease spectrum for the installation of its own 5G mobile network at Telefónica. This involves two frequency blocks of 10 MHz each in the 2.6 GHz band. Drillisch Online GmbH, a subsidiary of 1&1 Drillisch AG, and Telefónica Germany have now signed a respective contract. The agreement is based on a self-commitment by Telefónica as part of the EU antitrust approval of the merger with E-Plus in 2014. The two frequency blocks will be available to 1&1 Drillisch until 31 December 2025. The agreement is subject to the approval of the Federal Network Agency.
At the auction of spectrum in the 2 GHz and 3.6 GHz ranges, which ended in June 2019, 1&1 Drillisch acquired a total of two frequency blocks of 10 MHz in the 2 GHz band and five frequency blocks of 10 MHz in the 3.6 GHz band. While the 3.6 GHz spectrum is already available, the frequencies in the 2 GHz band will not be operational until 1 January 2026.
Ralph Dommermuth, CEO of 1&1 Drillisch AG:
Head of Investor Relations
18.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|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:||939425|
|End of News||DGAP News Service|