1&1 AG: New consultation on spectrum allocation
EQS-News: 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
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13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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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
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