Telefónica Deutschland Completes E-Plus Acquisition - Quick Facts

(RTTNews) - Telefónica Deutschland Holding AG (TDE.L, TEF) announced it has completed the acquisition of the E-Plus Group. The European Commission has confirmed clearance and the capital increase has been successfully completed. E-Plus will be a 100 percent subsidiary of Telefónica Deutschland. The Management Board of the company will consist of Thorsten Dirks as CEO, Markus Haas as COO and Rachel Empey as CFO. The design of the corporation and the concrete execution of the operative strategy will be decided on in further detail in the next few months.

Thorsten Dirks, CEO of Telefónica Deutschland Holding AG, said: "Our clear aim is to build the leading digital telecommunications company in Germany."