Ad-hoc | 21 December 2001 08:00

Telegate AG english

telegate AG sells stakes in PhoneCom KommunikationsDienste GmbH Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Company continues process of consolidation Munich, 21 December, 2001; telegate AG sells its major stake of 50,7 % in Munich-based PhoneCom KommunikationsDienste GmbH. By its withdrawal from the Telemarketing-company, telegate continues on focussing on its profit-making core business. In the future, telegate will concentrate on the extension of the own services within its national and international voice-portal. The directory enquiries service provider sold its stake for an attractive price to a shareholder of PhoneCom. Both parties agreed to maintain silence about the purchase price. Press Information: telegate AG Anja Meyer Fraunhofer Str. 12a 82152 München-Martinsried Tel.: 089/ 8954-1188 Fax: 089/ 8954-1189 e-mail: anja.meyer@telegate.com Financial Information: telegate AG Marc Langner Fraunhofer Str. 12a 82152 München-Martinsried Tel.: 089/ 8954-1120 Fax: 089/ 8954-1110 e-mail: marc.langner@telegate.com end of ad-hoc-announcement (c)DGAP 21.12.2001 ——————————————————————————– WKN: 511880; ISIN: DE0005118806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 210800 Dez 01