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There will be no retroactive price reduction for 1 & 1 Drillisch existing customers from July 2018, as Telefonica Deutschland announced. The fixed prices for the capacity-based access of 1 & 1 Drillisch to the cellular network of Telefonica Deutschland are not objectionable for these 1 & 1 Drillisch existing customers either. On February 5, 2021, an arbitral tribunal had already confirmed that the expert opinion prepared by the same independent expert was not objectionable in the first proceedings on September 5, 2017. As a result, the arbitration claim filed by 1 & 1 Drillisch against this report was rejected by the arbitral tribunal.
Should the independent expert confirm the result of his current draft in the second procedure, none of the procedures ended so far would have led to any price adjustments, as 1 & 1 Drillisch has already withdrawn those in the third and fourth procedures. In addition, Telefonica Deutschland considers the proceedings 5 and 6 initiated by 1 & 1 Drillisch to be unjustified in terms of content. Telefonica Deutschland confirms the financial outlook for the 2021 financial year and its medium-term company forecast.
1 & 1 Drillisch considers the result of the draft report to be wrong
1 & 1 Drillisch received the draft of an arbitration report in the second initiated price adjustment procedure (Price Review 2). In the draft, the arbitrator denies any claim to a reduction in wholesale prices under the MB MVNO contract with Telefonica for July 2018 as well. 1 & 1 Drillisch considers this result to be incorrect and will comment on the draft opinion. The final arbitration report in Price Review 2 is expected to be issued around mid-2021.
In the end, the Telefonica Deutschland share was quoted 0.32 percent lower in XETRA trading at 2.49 euros, while the 1 & 1 Drillisch share rose 0.25 percent to 24.16 euros.
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Dispute fees Telefonica Deutschland sees price reduction shares close common direction message