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DGAP-News: Telefónica Deutschland Holding AG: Completed transfer of ~6,000 mobile sites in first tranche to Telxius

Source: EQS

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
EQS News ID: 1126305

MDAX TecDAX
 
End of News DGAP News Service

1126305  01.09.2020 

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