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Telefonica Deutschland completes acquisition of E-Plus

Staff writer |
Telefonica Deutschland has completed the acquisition of the E-Plus Group. The company is the number one in the market by mobile customers.

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.

“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 Telefonica Deutschland Holding AG. “Our clear aim is to build the leading digital telecommunications company in Germany.”

Markus Haas, COO of Telefonica 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 Telefonica Deutschland Holding AG.

“We want them to continue to benefit from attractive dividends, with Telefonica Deutschland retaining its financial flexibility.”

With the implementation of the acquisition, E-Plus will be a 100 percent subsidiary of Telefonica 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 Telefonica Deutschland Holding AG.

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