Corporate | 7 November 2011 17:13
|
Drillisch AG / Key word(s): Statement/Forecast
Drillisch Rejects Accusations by Deutsche Telekom AG Any statement by Deutsche Telekom AG in a current news release as to the suspicion of serious fraud committed by Drillisch’s subsidiary Simply, has no substance. In particular Telekom’s allegation that Drillisch had ‘activated tens of thousands of mobile phone lines’ without underlying customer relations, is not true. ‘With regard to commissions paid by Telekom, Simply Communications GmbH has fully complied with agreements entered into with Telekom’, emphasizes Paschalis Choulidis, Speaker of the Board of Drillisch AG. Against this background, there is neither a legal basis for criminal prosecution nor for any claim that the commissions be repaid.
Drillisch AG’s management had made intensive efforts in the past few days and weeks, to clarify the situation with Telekom. After Telekom insisted on its incorrect position, Drillisch’s subsidiary Simply Communications GmbH already terminated the existing agreement on 3 November 2011, complying with the notice period. Apparently, Deutsche Telekom GmbH responded to this by now terminating the agreement itself without notice. Drillisch AG regrets that the situation has escalated and explicitly points out that the termination will not have any negative effects on the existing customer base of Simply.
Further, we confirm our EBITDA guidance 2011 of EUR 52. Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de End of Corporate News 07.11.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Drillisch AG | |
| Wilhelm-Röntgen-Straße 1-5 | ||
| 63477 Maintal | ||
| Germany | ||
| Phone: | +49 (0)6181 412 200 | |
| Fax: | +49 (0)6181 412 183 | |
| E-mail: | ir@drillisch.de | |
| Internet: | www.drillisch.de | |
| ISIN: | DE0005545503 | |
| WKN: | 554550 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
| End of News | DGAP News-Service |
|
|
| 145069 07.11.2011 |