Report
James Ratzer

New Street: 1&1 Drillisch (Buy): CFO meeting feedback - story remains compelling

We recently hosted Markus Huhn, CFO of 1&1 Drillisch in investor meetings. Clearly most focus right now is on the potential to sign a national roaming deal with Telefonica Deutschland and talks remains constructive.
Underlyings
1&1 Drillisch AG

Drillisch is a holding company. Co. through its subsidiaries, is a mobile virtual network operator in Germany. The services acquired from the network operators Telekom Deutschland GmbH, Vodafone D2 GmbH, E-Plus Mobilfunk GmbH and Telefonica O2 Germany GmbH & Co. OHG are sold further to the end consumers for Co.'s own account and at rates established by Co. Co. organizes its operations into three segments: telecommunications, which includes its activities in the sector of wireless services; freenet holding, which comprises the operations of its freenet AG subsidiary; and software services, which involves activities related to the development and marketing of a workflow management software.

Provider
New Street Research
New Street Research

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Analysts
James Ratzer

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