Ad-hoc | 16 May 2007 17:41
telegate AG / Legal Matter
Release 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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Munich, May 16, 2007 – In one of the two cases presently pending, the
Higher Regional Court Düsseldorf today sentenced Deutsche Telekom in a
second instance ruling to refund excessively charged costs for subscriber
data. In the action for part of the clause ‘telegate against Deutsche
Telekom’ (Court ref. No. VI-2 U 10/05 [Kart]) the court ruled that
repayment of 52.04 million Euro was to be made, including interest payable
for use plus interest during pendency of legal action. With this ruling the
Court decided nearly in the full extend to telegate. This action for part
of the clause refers to reclamation claims for the years 1997 to 2000.
Appeal was granted.
In a second action for part of the clause, brought against Deutsche Telekom
by telegate’s 100% subsidiary, datagate GmbH, (Court ref. No. VI-2 U 9/05
[Kart]), the Higher Regional Court Düsseldorf scheduled a special court
session for pronouncement of judgment on June 27, 2007. This action covers
reclamation claims of 25.49 million Euro, plus interest, for the years 2000
to 2004. The directory assistance provider telegate had sued the former
monopolist Deutsche Telekom in December 2004 for repayment of overcharged
fees of around 65.20 million Euro, plus interest, for the years 1997 to
2004.
Parallel to the two reclamation cases, an action to recover damages from
Deutsche Telekom is also currently pending. In the latter proceedings,
telegate is asserting claims totaling around 86 million Euro. As a
consequence of the excessive data cost payments, the company suffered a
clear competitive disadvantage vis-à-vis Deutsche Telekom, especially in
the early years after market opening in Germany, for which, in telegate’s
legal opinion, Deutsche Telekom is liable. The action has been brought
before the Regional Court Cologne where it is pending in the first
instance. Proceedings are set to continue in early summer 2007.
About telegate AG:
telegate is a leading supplier of information services in Europe. The
company was founded in 1996 and in 1999 was successfully listed on the
Frankfurt stock exchange (ISIN: DE0005118806). Apart from the expansion of
innovative services for consumers and business customers, the drive into
other European countries is the focal point of the company’s strategic
orientation. After Germany, telegate has today successfully established
itself in Austria, France, Italy and Spain. In the fiscal year of 2006 the
telegate Group achieved total revenues of around 180 million Euro, thereby
attaining an annual net income of 6 million Euro.
Contact:
Claudia Strixner
telegate AG
Fraunhofer Strasse 12a - 82152 Munich-Martinsried/Germany
Tel.: ++49 (0)89/8954-1183 • Fax: 089/ 8954-1189
E-mail: presse@telegate.com
DGAP 16.05.2007
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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
E-mail: info@telegate.de
www: www.telegate.com
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
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