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EQS-News: 1&1 AG
/ Key word(s): Contract/Agreement
1&1 concludes contract for the acquisition of up to 7,500 new antenna locations
Montabaur, 21 December 2022. 1&1 Towers GmbH – an indirect 100 % subsidiary of 1&1 AG – and Eubanet GmbH concluded a contract for the acquisition of up to 7,500 new 5G antenna locations. ”Direct collaboration with a highly experienced acquisition partner is another step for us to achieve the expansion targets for our new OpenRAN mobile network“, said Ralph Dommermuth. Within the framework of the acquisition of 5G frequencies, 1&1 accepted the obligation to supply 50 % of the German households until the end of 2030. But 1&1 wants to reach this goal earlier. To this end, 1&1 has available already – through cooperations with Vantage Towers AG as well as with American Towers Corporation – thousands of existing locations to provide 5G high performance antennas. Additionally, GfTD GmbH is building new antenna locations for 1&1. Established in Germany, Eubanet GmbH is a well-established consulting and service company in the telecommunications sector with over 30 years of know-how and whose performance portfolio especially covers the analysis and acquisition of suitable locations for new radio and telecommunications facilities. Eubanet has the technical and contract-specific know-how in setting up virtually all networks, such as GSM, UMTS, LTE, PMP, trunked radio systems, fibre optic connections and 5G. ”We are pleased to be able to make an important contribution in further expanding the mobile telecommunications infrastructure in Germany by identifying locations and concluding lease agreements on behalf of 1&1. By establishing a new unit for 1&1 with additional locations and recruitments, we are strengthening our position on the market and create new resources“, said Axel Pfeffer, Managing Director of Eubanet GmbH.
About 1&1 AG 1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group. 1&1 offers its customers a comprehensive portfolio of mobile and broadband access. Moreover, other portfolio components are attractively bundled mobile and fixed network products and value-added applications such as home networking, online storage, video on demand, smart home solutions or IPTV. While the 1&1 brand is addressing value and premium segments, the Group’s discount brands appeal to price-conscious target customers. Following the successful participation in the 5G frequency auction, 1&1 as the fourth German network operator will establish the first European-wide fully virtualized mobile network on the basis of the innovative OpenRAN technology. About Eubanet GmbH Eubanet GmbH is company domiciled in Ibbenbüren. The company sees itself as a link between network operators and tower companies as well as land and building owners by recording, qualifying and acquiring mobile nework sites. In addition, Eubanet's range of services includes property and contract management, coordination of joint use and owner support. The services are offered nationwide.
21.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | 1&1 AG |
| Elgendorfer Straße 57 | |
| 56410 Montabaur | |
| Germany | |
| Phone: | +49 (0) 6181 - 412 218 |
| Fax: | +49 (0) 6181 - 412 183 |
| E-mail: | |
| Internet: | |
| ISIN: | DE0005545503 |
| WKN: | 554550 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1518167 |
| End of News | EQS News Service |
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1518167 21.12.2022 CET/CEST
