1&1 AG / DE0005545503
13.05.2024 - 15:10:321&1 AG: New consultation on spectrum allocation
| 1&1 AG / Key word(s): Miscellaneous 1&1 AG: New consultation on spectrum allocation 13.05.2024 / 15:10 CET/CEST The issuer is solely responsible for the content of this announcement. New consultation on spectrum allocation Montabaur. 13 May 2024. In its consultation published today on the upcoming allocation of frequencies in the low and mid-band range, the Federal Network Agency envisages an extension of the existing frequency usage rights for Deutsche Telekom, Vodafone and Telefónica. This extension is linked to a commitment by Telefónica to continue the transfer of 2x10 MHz mid-band spectrum to 1&1. In addition, the three incumbent network operators are obliged to make at least 2x5 MHZ of their low-band spectrum available to 1&1 for co-operative, joint use. The agency is calling for corresponding offers on fair terms. "We are open to a co-operative solution. It is important that we can utilise a sufficiently large amount of frequency at market conditions in order to adequately supply our more than 12 million customers," said Ralph Dommermuth, CEO of 1&1 AG. " Only then can we fully leverage the advantages of our innovative Open RAN technology and ensure the competitiveness of our daily expanding 5G network ." About 1&1 AG 1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group. 1&1 is the first network operator in Europe to operate a fully virtualised mobile network based on innovative Open RAN technology. In addition to a comprehensive mobile communications portfolio, broadband connections are offered which are mostly based on 1&1 Versatel's Germany-wide fibre-optic transport network and on regional networks of city carriers and Deutsche Telekom. While the 1&1 brand addresses value and premium segments, the Group's discount brands appeal to price-conscious target groups. Press Contact Robin Schmidt Mail: presse@1und1.de 13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | 1&1 AG |
| Elgendorfer Straße 57 | |
| 56410 Montabaur | |
| Germany | |
| Phone: | +49 (0) 6181 - 412 218 |
| Fax: | +49 (0) 6181 - 412 183 |
| E-mail: | ir@1und1.de |
| Internet: | www.1und1.AG |
| ISIN: | DE0005545503 |
| WKN: | 554550 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1901695 |
| End of News | EQS News Service |
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