Ad-hoc | 7 June 2006 08:31
telegate AG: Acquisition in Germany – telegate takes over DA-business from SNT Germany
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
The DA and call center provider telegate AG signed an agreement with SNT
Deutschland AG for takeover of SNT’s classic DA-business. telegate will
take over SNT Germany’s DA-telephone numbers “11881”, “11882” and “11889”,
as well as all existing customer contracts related to these numbers. A
central component of the acquisition is thus a long-term partnership with
the mobile phone carrier O2 Germany, which exclusively markets the
DA-number “11881” on its net.
The purchase price approximately equals one and a half times the annual
sales of around Euros 6 million, which SNT Deutschland earns in the classic
DA-business. Both companies agreed to keep additional terms of the
acquisition confidential. The transaction is expected to be completed by
the end of June 2006.
Further information:
telegate AG
Claudia Strixner
Fraunhofer Str. 12a – 82152 Munich-Martinsried
Tel.: 089/ 8954-1188 – Fax: 089/ 8954-1189
Email: claudia.strixner@telegate.com
(c)DGAP 07.06.2006
—————————————————————————
Language: English
Issuer: telegate AG
Fraunhofer Str. 12a
82152 München-Martinsried Deutschland
Phone: +49 089 – 89 54 0
Fax: +49 089 – 89 54 10 10
email: info@telegate.de
WWW: www.telegate.de
ISIN: DE0005118806
WKN: 511880
indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
—————————————————————————