Telefónica Deutschland completes acquisition of E-Plus Group
Munich. Telefónica Deutschland has completed the acquisition of the E-Plus Group. Now that the European Commission has confirmed clearance and the capital increase has been successfully completed, the path is clear for the formation of the leading digital telecommunications company in Germany. With the closing of the transaction, the Management Board of the company will consist of Thorsten Dirks as CEO, Markus Haas as COO and Rachel Empey as CFO.
The merger of the two companies marks the beginning of one of the largest provider of telecommunication services in Germany with almost 47 million customer connections and a pro-forma revenue of around EUR 7.9 billion in the fiscal year 2013. The company is the number one in the market by mobile customers. "We will take a special part in the digitalization of society, which will cause a striking change within the entire telecommunications industry. The merger of our two companies provides us with the unique opportunity to act as a trend-setter and create real added value for our company and customers," says Thorsten Dirks, CEO of Telefónica Deutschland Holding AG. "Our clear aim is to build the leading digital telecommunications company in Germany." Markus Haas, COO of Telefónica Deutschland Holding AG, adds: "Our main focus is our customers' needs. We want to offer them the best experience as far as network, products and services are concerned." "Thanks to the synergies created by the merger of the two companies, we will also be able to offer added value for our shareholders," says Rachel Empey, CFO of Telefónica Deutschland Holding AG. "We want them to continue to benefit from attractive dividends, with Telefónica Deutschland retaining its financial flexibility." With the implementation of the acquisition, E-Plus will be a 100 percent subsidiary of Telefónica Deutschland. For the time being there will be no changes for customers. The design of the corporation as well as the concrete execution of the operative strategy will be decided on in further detail in the next few months. In the course of the transaction, the former owner of E-Plus, KPN, will receive a cash disbursement as well as shares of the newly founded Telefónica Deutschland Holding AG. Additional press material (in German): https://www.telefonica.de/presse-eplus http://eplus-gruppe.de/die-neue-telefonica-deutschland
Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in the Prime Standard, and its wholly-owned, operationally active subsidiaries Telefónica Germany GmbH & Co. OHG and E-Plus Mobilfunk GmbH & Co. KG is part of the Spanish telecommunication group Telefónica S.A. headquartered in Madrid. The company offers its German private and business customers post-paid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS, UMTS and LTE technologies with its product brands O2 and BASE as well as several second and partner brands. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed Internet. With a significant presence in 24 countries and a customer base of more than 316 million accesses, Telefónica is one of the largest telecommunications companies around the world.