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1&1 Drillisch Aktiengesellschaft: Arbitral tribunal dismisses 1&1 Drillisch's action against expert opinion

·2-min read

DGAP-News: 1&1 Drillisch Aktiengesellschaft / Key word(s): Miscellaneous/Miscellaneous
05.02.2021 / 22:53
The issuer is solely responsible for the content of this announcement.

1&1 Drillisch Aktiengesellschaft: Arbitral tribunal dismisses 1&1 Drillisch's action against expert opinion

Maintal, 5 February 2021. Today, Drillisch Online GmbH, a subsidiary of 1&1 Drillisch AG, has received the arbitral award in the arbitration proceedings regarding Price Review 1 under the existing MBA MVNO agreement with Telefónica. The arbitral tribunal dismissed the action brought by 1&1 Drillisch challenging the expert's rejection of 1&1 Drillisch's application for the advance service prices to be reduced retroactively from September 2017. The arbitral tribunal takes the view that the expert opinion is valid.

In the ongoing Price Reviews 2, 5, and 6 1&1 Drillisch continues to claim that advance service prices under the MBA MVNO agreement have to be reduced retroactively. These proceedings concern different effective dates since July 2018 and are independent of the outcome of the arbitration proceedings in Price Review 1.

Maintal, 5. February 2021

1&1 Drillisch
The Management Board

Disclaimer: This report contains statements regarding the future which are based on the current assumptions and projections of the 1&1 Drillisch AG management. Various risks, uncertainties and other factors, both known and unknown, can cause actual developments, especially in the results, financial position, and the business of our Company, to deviate substantially from the projections about the future as they are shown here. The Company does not undertake any obligation to update such future-oriented statements and to adapt them to future events or developments.

Contact
Oliver Keil
Head of Investor Relations
Mail: ir@1und1-drillisch.de


05.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

1&1 Drillisch Aktiengesellschaft

Wilhelm-Röntgen-Straße 1-5

63477 Maintal

Germany

Phone:

+49 (0) 6181 - 412 218

Fax:

+49 (0) 6181 - 412 183

E-mail:

ir@1und1-drillisch.de

Internet:

www.1und1-drillisch.de

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:

1166416


 

End of News

DGAP News Service

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