DRI 1&1 Drillisch

DGAP-News: 1&1 Drillisch exercises first prolongation option under the MBA MVNO agreement

DGAP-News: 1&1 Drillisch Aktiengesellschaft / Key word(s): Contract
1&1 Drillisch exercises first prolongation option under the MBA MVNO agreement

30.12.2019 / 18:10
The issuer is solely responsible for the content of this announcement.



1&1 Drillisch exercises first prolongation option under the MBA MVNO agreement

Maintal, 30 December 2019. As planned, Drillisch Online GmbH, a subsidiary of 1&1 Drillisch AG, today exercised the first prolongation option for the extension of the term of the MBA agreement with Telefónica Deutschland ending on 30 June 2020, as a result of which the term of the agreement has now been extended until at least 30 June 2025. Thereby, and in combination with another prolongation option, Drillisch Online GmbH secures long-term access to the mobile communications network of Telefónica. In addition, Drillisch continues to pursue the build-up of its own high-performance 5G mobile communications network. In order to ensure continuous availability for its end customers during the build-up of Drillisch's nationwide network, Drillisch currently, among others, is in negotiations for the conclusion of a national roaming agreement based on the commitments of Telefónica Deutschland in connection with the EU clearance decision in relation to the merger with E-Plus in 2014.

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.

Contact
1&1 Drillisch AG
Telephone 8
Mail:



30.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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: 944973

 
End of News DGAP News Service

944973  30.12.2019 

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30/12/2019

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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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