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1&1 Drillisch Files Request For Arbitration Against Telefonica On Price Review

1&1 Drillisch AG said Thursday that its subsidiary, Drillisch Online GmbH, is filing a request for arbitration against Telefonica today, in order to reach a replacement of the expert opinion in Price Review 1, the first price adjustment procedure initiated by Drillisch.

1&1 Drillisch AG has had the arbitration report reviewed in detail by a renowned auditing company.

The expert opinion contains serious methodological flaws and discrepancies as regards the content and must be replaced by a proper assessment of the need for a price adjustment.

In addition to the arbitration proceeding regarding Price Review 1, the Price Reviews 2 and 5 are ongoing, covering the entire period from September 2017.

As a result of the new Price Review 5, Drillisch was able to withdraw the Price Reviews 3 and 4.

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