EQS-News: 1&1 AG: New consultation on spectrum allocation

EQS-News: 11 AG / Key word(s): Miscellaneous
11 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 11. In addition, the three incumbent network operators are obliged to make at least 2x5 MHZ of their low-band spectrum available to 11 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 11 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 11 AG

11 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group.

11 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 11 Versatel's Germany-wide fibre-optic transport network and on regional networks of city carriers and Deutsche Telekom.

While the 11 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.
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Language: English Company: 11 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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1901695  13.05.2024 CET/CEST