Telefónica Deutschland Holding AG: Completed transfer of ~6,000 mobile sites in first tranche to Telxius
September 01, 2020 at 09:24 pm IST
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DGAP-News: Telefónica Deutschland Holding AG
/ Key word(s): Disposal
Telefónica Deutschland Holding AG: Completed transfer of ~6,000 mobile sites in first tranche to Telxius
01.09.2020 / 17:54
The issuer is solely responsible for the content of this announcement.
Munich, 1 September 2020
Telefónica Deutschland: Completed transfer of ~6,000 mobile sites in first tranche to Telxius
On 8 June 2020, Telefónica Deutschland announced a comprehensive agreement with Telxius Telecom S.A. (Telxius) on the spin-off and sale of the operations of its passive infrastructure on c.10,100 mobile sites in two tranches for a total purchase price of EUR 1.5 billion (Link to news).
Today, in execution of the obligations under the agreement, the two companies have completed the full transfer of the ownership of shares in Telefónica Germany Mobilfunk Standortgesellschaft mbH to Telxius, which owns the 5,975 rooftop sites and 58 tower sites included in the first tranche.
As agreed, the total purchase price of EUR 896 million for the above sites included in the first tranche will be paid in two instalments, 85% in H2 2020 and the remainder in Q3 2025.
The remaining c.40% of the total site perimeter will be transferred in a second tranche to Telxius as planned in August 2021.
Further information:
Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 50
D-80992 München
t +49 (0)89 2442-1010
f +49 (0)89 2442-2000
e ir-deutschland@telefonica.com
01.09.2020 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:
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
Telefonica Deutschland Holding AG is a Germany-based company in the telecommunications sector. The Company offers mobile and fixed-line services, providing voice, data and other services to private and business customers, as well as digital products and services in the fields of Internet of Things (IoT) and advanced data analytics. It also acts as a wholesale provider, offering access to its infrastructure and service capabilities to its wholesale partners. The Company markets its products under a multi-brand strategy. Its brand portfolio includes O2, Blau, AY YILDIZ, Ortel Mobile, AldiTalk and Tchibo mobil. The Company targets Small offices/Home offices (SoHo) and small and medium enterprise (SME) business customers through its O2 brand. Telefonica NEXT bundles the Company's digitization and data analysis offering, which includes analyzing anonymized motion data from the mobile network and the geeny.io IoT software platform, among others. The Company is part of Telefonica SA's group.