United Internet raises 1&1 Drillisch stake to 75.1%

11 Jul 2019

Germany’s United Internet says it has ‘taken advantage of the current share price level’ of 1&1 Drillisch and increased its stake in the fixed and service provider from 73.29% to 75.10%. The firm adds that the move ‘underlines its commitment to the path taken by 1&1 Drillisch to build its own mobile network after the successful 5G frequency auction,’ but added that the conclusion of a control and profit transfer agreement is not planned.

1&1 Drillisch was created following mobile service provider Drillisch’s 100% acquisition of fixed and wireless operator 1&1 Telecommunications from United Internet in September 2017. The combined entity acquired 2×10MHz of 2100MHz frequencies for EUR334.9 million (USD376 million) and 50MHz of 3.6GHz spectrum for EUR735.2 million at auction in June 2019, with a view to becoming Germany’s fourth mobile network operator.

Germany , 1&1 Drillisch, United Internet (1&1)

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share