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Inside Information (AD-HOC Release)
ecotel communication ag: ecotel reaches an amicable settlement with Tiscali
ecotel communication ag / Miscellaneous
02.10.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Reimbursement of EUR 1.65 million
- Strengthening of financial leeway
- Net debt shall be reduced to Zero until 2011
Düsseldorf, October 2, 2009
ecotel communication ag, which is listed in the Prime Standard of the
Frankfurt Stock Exchange, has reached an amicable settlement with Tiscali
regarding a retroactive purchase price adjustment for the acquisition of
Tiscali Nacamar GmbH on
February 5, 2007.
In the context of the settlement ecotel has received a cash payment of EUR
1.65 million. The original purchase price for Tiscali Nacamar GmbH was EUR
18.5 million.
'The conclusion of an amicable settlement has helped us to avoid a long
lasting lawsuit with the corresponding legal fees. Our liquid funds have
been additionally strengthened. Therefore we expect to reduce our net debt
to Zero until 2011', says Bernhard Seidl, CFO of ecotel.
A couple of weeks ago ecotel has received a EUR 5 million innovation loan
of KfW and Commerzbank for the financing of further growth and new
development projects.
ecotel expects to generate revenues of appr. EUR 100 million and to
generate an EBITDA adjusted for extraordinary cost and revenues of appr.
EUR 5 million for 2009.
ecotel publishes its third quarter figures on November 13, 2009.
Additional information:
ISIN: DE0005854343
WKN: 585434
Symbol: E4C
Trading segment: Official Market of the Frankfurt stock exchange, Prime
Standard
Location: Düsseldorf
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Information and Explaination of the Issuer to this News:
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 appr. 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 PPRO and 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 appr. 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.
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
E-Mail: presse@ecotel.de
Fachmedien
Alexandra Rath (Leitung Marketing / PR)
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
E-Mail: presse@ecotel.de
Weitere Informationen erhalten Sie im Internet unter www.ecotel.de
02.10.2009 Financial News transmitted by DGAP
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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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