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ecotel communication ag: Final report on redemption of shares
DGAP-News: ecotel communication ag / Key word(s): Share Buyback
28.05.2014 / 14:09
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Düsseldorf, 28 May, 2014
During the period between 31 March 31 and 27 May, 2014 ecotel communication
ag (WKN 000585434/ ISIN DE0005854343) acquired a total of 90,000 shares of
ecotel communication ag at an average price of EUR 8.70 per share.
The acquisition of the non-par value shares was executed through the stock
exchange in accordance with the ad-hoc report of 31 March, 2014 via the
credit institute commissioned by ecotel communication ag.
The number of redeemed shares corresponds to 2.3 % of the share capital of
ecotel communication ag. The redemption of shares is now complete.
Therefore, ecotel currently owns 390,000 shares of company stock, which
corresponds to 10 % of the company's share capital.
The information on the redemption of shares is also available on the
company's website at www.ecotel.de under Investor Relations.
About ecotel communication ag:
Listed in the Prime Standard segment of the Frankfurt Stock Exchange,
ecotel communication ag is a telecommunications company with activities in
three business sectors throughout Germany.
In the core segment of »Business Solutions« ecotel provides about 18,000
business customers with an integrated product portfolio consisting of
voice, data and mobile communications solutions. This includes nationwide
available and convergent bundled products, broadband data access on the
basis of xDSL and Ethernet technologies, scalable networking of corporate
locations (VPNs) as well as housing and hosting services.
In the second segment, »Wholesale Solutions«, the ecotel group markets
preliminary service products to other telecommunications companies. At the
same time, the company achieves high traffic volumes in this segment,
enhancing added value for the core segment of »Business Solutions«. In
addition to the international wholesale voice activities of ecotel, mvneco
GmbH is also included in this segment.
The »New Business« segment covers new, fast-growing business segments and
niches by means of independently operating subsidiaries. In addition to
easybell GmbH, which is aligned to private customer business, nacamar GmbH,
which now focuses exclusively on new media activities, is part of this
independent business unit.
The corporate group, with its main office in Düsseldorf, currently has
about 210 employees, including subsidiaries and holdings.
Note:
This publication is not an offer for the sale nor an invitation for the
purchase or subscription of securities. This publication is not a
securities brochure. This publication and the information contained therein
are not intended for direct or indirect dissemination to or within the
United States of America, Canada, Australia or Japan.
PR office:
Business and Financial Media
Annette Drescher (Assistant to the Managing Director)
Phone: 0211-55 007-740
Fax: 0211-55 007 5 740
E-mail: presse@ecotel.de
Business media
Bernadette Loosen-Flanz (PR)
Phone: 0211-55 007-316
Fax: 0211-55 007 5 316
E-mail: presse@ecotel.de
For more information, please visit us on the web at www.ecotel.de
End of Corporate News
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28.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ecotel communication ag
Prinzenallee 11
40549 Düsseldorf
Germany
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, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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