DRI 1&1 Drillisch

DGAP-News: 1&1 Drillisch Aktiengesellschaft: Final expert determination received in the first price adjustment procedure - Decision confirmed

DGAP-News: 1&1 Drillisch Aktiengesellschaft / Key word(s): Miscellaneous/Miscellaneous
1&1 Drillisch Aktiengesellschaft: Final expert determination received in the first price adjustment procedure - Decision confirmed

19.12.2019 / 19:34
The issuer is solely responsible for the content of this announcement.


1&1 Drillisch AG: Final expert determination received in the first price adjustment procedure - Decision confirmed

Maintal, 19 December 2019. Today, 1&1 Drillisch has received the final expert determination in the first price adjustment procedure, which was initiated by 1&1 Drillisch with effect as of September 2017 (Price Review 1). Therein, the expert confirms the decision announced in the draft of the expert determination in October 2019. 1&1 Drillisch's application for the advance service prices to be reduced retroactively from September 2017 is rejected.

1&1 Drillisch believes the expert determination is wrong for various reasons and sees methodical mistakes and discrepancies in content. 1&1 Drillisch is also of the opinion that essential characteristics of the MBA model, which was introduced in the context of the merger clearance of the E-Plus takeover, have not been adequately considered. This includes in particular the special privileges of the MBA MVNO. In the interests of its shareholders, 1&1 Drillisch will consider its legal options.
 

About 1&1 Drillisch AG
1&1 Drillisch AG is a listed telecommunications provider based in Maintal. The company is part of the United Internet AG group and is the only virtual network operator in Germany to have secured long-term access to the Telefónica network via an MBA MVNO contract. 1&1 Drillisch offers its customers a comprehensive portfolio of services and products in the broadband and mobile communications sectors. In addition to pure mobile communications and DSL products, customers also receive attractive bundled products from mobile communications and fixed networks, supplemented by applications such as home networks, online storage, video-on-demand and IPTV TV. With its two wholly-owned subsidiaries 1&1 Telecommunication SE and Drillisch Online GmbH, 1&1 Drillisch has a strong marketing approach that addresses the market comprehensively and target-group specifically: While 1&1 covers the premium segment, the Group's established online brands under the umbrella of Drillisch Online GmbH such as smartmobil.de, yourfone, winSIM, DeutschlandSIM or simply appeal to a price-conscious target group.

Media contact
1&1 Drillisch AG
Tel. 0
Mail:

Contact:
Oliver Keil
Head of Investor Relations
Mail:


19.12.2019 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.

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Language: English
Company: 1&1 Drillisch Aktiengesellschaft
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Germany
Phone: +49 (0) 6181 - 412 218
Fax: +49 (0) 6181 - 412 183
E-mail:
Internet: -drillisch.de
ISIN: DE0005545503
WKN: 554550
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 940979

 
End of News DGAP News Service

940979  19.12.2019 

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19/12/2019

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Reports by 1&1 Drillisch

Thanks to a better fundamental star rating, 1&1 DRILLISCH AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to 1&1 DRILLISCH AG (DE), active in the Mobile Telecommunications industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 14, 2020, the closing price was EUR 23.44 and its expected value was estimated at EUR 23.50.

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