2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
DGAP-News: Telefónica Deutschland Holding AG
/ Key word(s): Contract/Legal Matter
Munich, 20 September 2020
Telefónica Deutschland complies with existing MBA MVNO agreement and merger control remedies Telefónica Deutschland is offering services to 1&1 Drillisch on the back of the capacity-based MBA MVNO contract between the two parties. On 30 December 2019, this contract has been prolonged on request of 1&1 Drillisch for the five-year period starting 1 July 2020 until 30 June 2025. Telefónica Deutschland has invoiced the first months of the prolongation period in-line with the contractual terms and conditions; i.e. based on the average unitary price of the benchmark period with no price increase. The terms and conditions have been transparent for both parties at all times as the details of the pricing mechanism have been part of the merger approval documents for the acquisition of E-Plus in 2014 and have been confirmed by both parties in May 2017. As usual for this kind of commercially sensitive agreement, both parties have agreed strict confidentiality about details of the contract. Also, during the prolongation period 1&1 Drillisch has the contractual right to initiate reviews to ensure competitiveness of the pricing. With regards to the initiated price review 1, the appointed independent expert fully confirmed Telefónica Deutschland's MBA MVNO pricing on 19 December 2019. In-line with its contractual obligations, Telefónica Deutschland also cooperates with regards to the other ongoing price reviews. Two price reviews have been withdrawn by 1&1 Drillisch in April 2020. Independent from the price reviews and the regular invoicing process for provided services, Telefónica Deutschland is negotiating a national roaming agreement with 1&1 Drillisch under the so-called MNO Remedy. During this process, Telefónica Deutschland has made competitive and reasonable national roaming offers. Telefónica Deutschland strongly rejects any allegations and indications by 1&1 Drillisch that Telefónica Deutschland would not fulfil its legal obligations and reserves all its rights. Telefónica Deutschland confirms its FY20 guidance and midterm outlook while continuously monitoring and analysing the COVID-19 environment. More information:
20.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | 1133983 |
| MDAX TecDAX |
| End of News | DGAP News Service |
|
|
1133983 20.09.2020
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
