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ecotel communication ag: ecotel sells 40% share of PPRO
ecotel communication ag / Miscellaneous
22.12.2009
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Düsseldorf, December 22, 2009
ecotel has sold 40% of its shares of PPRO GmbH. The shares have been
transferred to Nieland Technologies GmbH for a total price of 400,000 Euro.
ecotel maintains a nearly 11% share in PPRO.
For 2009 PPRO expects to generate revenues of 6 million Euro and an EBITDA
of approx. 0 Euro.
The transaction is part of ecotel's strategy with a sole focus on the
provision of telecommunications services for business customers, resellers
and New Business customers.
About ecotel communication ag:
ecotel is a publicly listed telecommunications company which operates in
Germany and focuses on three business divisions.
In its core division 'Business Customers' the company offers an integrated
product portfolio of voice, data and mobile services. ecotel meanwhile
serves approximately 35,000 business customers within Germany with
standardised and individual telecommunications solutions and consistently
implements its fixed mobile convergence (FMC) strategy.
In its second division 'Wholesale Customers' the company provides carrier
and wholesale services to other telecoms operators and to non-industry
distributors. ecotel deploys state of the art enabling and switching
platforms in order to provide its product portfolio (unbundled local loops,
broadband access lines, mobile services) to other resellers. At the same
time the company achieves economics of scale and broadens its value chain
for its own core business 'business customers'.
The division 'New Business' contains ecotel's fast growing subsidiaries and
new ventures. Apart from easybell this division also includes the New Media
business, which has been transferred into this unit.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has approximately 200 employees. It is among the fastest growing
technology companies and was ranked among the top 50 companies in the
Deloitte 'Technology Fast 50' competition for the past four consecutive
years.
Please note:
This publication does not constitute an offer for the sale of shares in the
company or a solicitation of an offer for the purchase of shares in the
company. Furthermore this publication shall not constitute a securities
prospectus. This document must not be distributed outside of Germany, in
particular not in the United States of America, Canada, Australia or Japan.
Press contact:
ecotel communication ag
Economic and Financial Press
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Trade Press
Bernadette Loosen-Flanz (PR)
Tel.: 0211-55 007-316
Fax: 0211-55 007 5 316
Email: presse@ecotel.de
22.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ecotel communication ag
Prinzenallee 9-11
40549 Düsseldorf
Deutschland
Phone: +49 (0)211 55 00 70
Fax: +49 (0)211 55 00 7 222
E-mail: info@ecotel.de
Internet: http://www.ecotel.de
ISIN: DE0005854343
WKN: 585434
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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