Corporate | 21 June 2007 12:21
3U TELECOM AG / Disposal
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Marburg, 21 June 2007 – 3U TELECOM AG, which is listed on the Prime
Standard at Frankfurter Stock Exchange, intends to sell LambdaNet
Communications Deutschland AG within the framework of its repositioning as
a management and shareholding company. Following the take-over of LambdaNet
in April 2004 and its successful development into one of the leading
providers of transfer network solutions for telecommunications companies,
internet service providers and business customers, the company is now being
sold for strategic reasons. In view of the focus on the call-by-call and
wholesale business since mid-2006 in the fixed-line telephony segment,
LambdaNet, despite its ongoing excellent business development, is no longer
absolutely necessary for the operations of the 3U Group. The sale is
intended to provide 3U TELECOM AG with further liquidity for the
development of the shareholding business in addition to its current
available liquid funds of ca. € 37 million. Initial offers have already
been received from renowned potential buyers. The sale of LambdaNet will
not have any negative impact for the traditional fixed-line telephony
segment.
'The objective of the negotiations currently being conducted on the sale is
that of acquiring an investor for LambdaNet with a long-term orientation,
who will continue and further expand the successful business activity.
LambdaNet is successfully established in the market, and thanks to its
individualized product portfolio based on state-of-the-art technology has
numerous renowned customers under contract. In this regard LambdaNet is
highly profitable, having attained an EBITDA of € 8.3 million in 2006, with
a planned EBITDA of € 10.2 million for 2007. In particular there is thus
considerable interest in a take-over of LambdaNet on the part of major
strategic investors. After the sale 3U TELECOM AG will continue to use the
telecoms network infrastructure of LambdaNet for its core business,
call-by-call and wholesale. In this respect there are long-term,
cost-efficient agreements with LambdaNet,' says Oliver Zimmermann, the
chief financial officer of 3U TELECOM AG.
Contact:
3U TELECOM AG
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: boerse@3u.net
DGAP 21.06.2007
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Language: English
Issuer: 3U TELECOM AG
Neue Kasseler Str. 62 F
35039 Marburg Deutschland
Phone: +49 (0)6421/999-0
Fax: +49 (0)6421/999-1111
E-mail: boerse@3u.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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