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ecotel buys back 10% management share of nacamar and holds again 100% of the companyecotel communication ag:
ecotel communication ag / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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Düsseldorf, April 2, 2008
ecotel communication ag announces the buy-back of the 10% outstanding
shares of the nacamar management team and holds again a 100% ownership of
nacamar as of April 2, 2008. The purchase agreement has been signed with
the individual acquisition companies of the nacamar management team, which
has acquired 10% of the shares of nacamar GmbH as part of a management buy
out (MBO) on May 3, 2007. The seller and buyer agreed not to disclose the
purchase price.
ecotel is therefore able to fully integrate nacamar into the ecotel group
and to leverage the planned synergies. In order to strengthen its
competitive position ecotel is currently consolidating the voice-, data-
and mobile services into the core business division 'Business Customers'.
nacamar’s New Media business will be transferred into a separate business
division and will thus obtain a greater independence and stronger focus
within the ecotel group.
As part of the transaction Frederick Iwans and Udo Schienmann have stepped
down from their office as managing directors of nacamar with effective date
of today. Holger Gutenberger has already left the company on September 21,
2007. Mr. Iwans and Mr. Schienmann continue to work for nacamar GmbH as
consultants.
ecotel’s CEO Peter Zils and CFO Bernhard Seidl, who have been co-managing
directors of nacamar since September 25, 2007, continue to run the business
of nacamar and the integration of nacamar and ecotel.
About ecotel communication ag:
ecotel is a 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
provides more than 45.000 business customers within Germany with
standardised and individual telecommunications solutions and consistently
pushes its of 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' comprises ecotel’s fast growing subsidiaries
and new ventures. Apart from PPRO, easybell, ecotel private and toBEmobile
the division also includes nacamar’s New Media business, which will be
transferred into an independent business unit.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has 220 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 three 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
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Fachmedien
Alexandra Rath (Leitung Marketing/ PR)
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de
Further information: www.ecotel.de.
02.04.2008 Financial News transmitted by DGAP
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Language: English
Issuer: 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, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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