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EC approves Telefonica takeover of E-Plus

2014-07-02 11:48:00| Telecompaper Headlines

(Telecompaper) The European Commission has approved Telefonica's takeover of German mobile operator E-Plus from KPN. The merger of E-Plus with Telefonica's O2 will reduce the German market to three mobile networks from four and is expected to help O2 compete better with market leaders Telekom Deutschland and Vodafone. To secure approval for the takeover, Telefonica committed to reserve up to 30 percent of its network capacity for MVNOs. It earlier announced an agreement to provide the network capacity to Drillisch. Telefonica will also be required to divest spectrum to a new player on the market and maintain all its existing wholesale contracts. The takeover of E-Plus was first announced almost a year ago and will see KPN receive EUR 5 billion cash and a 20.5 percent stake in the merged company. The Dutch operator is exiting the German market in order to focus more on its home market. Telefonica will hold 62.1 percent in the German subsidiary, while the remainder is listed on the stock market.

Tags: approves takeover telefonica eplus

EU clears Telefonica Deutschland's E-Plus acquisition

2014-07-02 02:00:00| Total Telecom industry news

Commission says remedies offered by Spanish incumbent will protect competition in Germany.

Tags: acquisition deutschlands telefonica clears

Vimpelcom names former Telefonica exec as new COO

2014-07-01 02:00:00| Total Telecom industry news

Rene Schuster joins Russian company, effective immediately; current operating chief to retire in December.

Tags: new names exec coo

Telefonica to give up 20% of network capacity to Drillisch

2014-06-25 11:15:00| Telecompaper Headlines

(Telecompaper) Telefonica Deutschland has signed an agreement with mobile services provider Drillisch through which the latter will acquire 20 percent of the capacity of all mobile networks controlled by Telefonica Deutschland following the completion of its merger with E-Plus Group. This is in addition to the network capacity needed to provide services to Drillisch's existing customers hosted on the Telefonica Deutschland or E-Plus networks. The 20 percent level will be reached gradually over a 5-year period. In addition, Drillisch will have the right to acquire up to 10 percent additional capacity of those networks. The agreement will only become effective if the EC conditionally clears the takeover of E-Plus and confirms that the deal complies with any conditions and obligations attached to the approval.

Tags: to give network capacity