ECOTEL COMMUNICATION AG (FRA:E4C) EQS-Adhoc: ecotel communication ag: Contribution of the 100% stake in nacamar GmbH to Uplink Digital GmbH
Transparency directive : regulatory news
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EQS-Ad-hoc: ecotel communication ag / Key word(s): Investment/Disposal Düsseldorf, March 31, 2023
ecotel communication ag, Uplink Network GmbH and Radio 5.0 GmbH today signed an investment agreement for the newly founded Uplink Digital GmbH. In the course of this agreement, ecotel communication ag contributes its 100% share in nacamar GmbH to the new company. In return, ecotel communication AG will receive an approximately 25% share in the new Uplink Digital GmbH, as well as a cash compensation of about 1.2 million euros. This bundling of business activities, customer relationships and technical capabilities offers an excellent opportunity to occupy the German audio market more efficiently and extensively. As a result of this contribution, ecotel communication ag will give up control of nacamar GmbH. Therefore, nacamar GmbH will no longer be consolidated in the financial statements of ecotel communication ag. This transaction is also another step for ecotel communication ag to further drive the focus on cloud and fiber communicated in March 2022. The transaction is subject to usual closing conditions and is expected to close in April 2023.
About ecotel communication ag:
The ecotel Group (hereinafter “ecotel”) has been operating nationwide since 1998 and is established as one of Germany’s leading providers of high-quality business solutions. With the focus on “Cloud & Fiber” in 2022, ecotel supplies the two most important growth areas of the German telecommunications market. The parent company is ecotel communication ag with headquarters in Düsseldorf. Including its subsidiary, ecotel has a total of about 225 employees. Currently, ecotel provides full cloud and broadband services to more than 15,000 customers throughout Germany.
Investor relations ecotel communication ag Investor relations +49 (0) 211-55 007 740 E-mail: investorrelations@ecotel.de
For more information, please visit us at www.ecotel.de
31-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ecotel communication ag |
| Prinzenallee 11 | |
| 40549 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 55 00 70 |
| Fax: | +49 (0)211 55 00 7 222 |
| E-mail: | info@ecotel.de |
| Internet: | http://www.ecotel.de |
| ISIN: | DE0005854343 |
| WKN: | 585434 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1598683 |
| End of Announcement | EQS News Service |
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1598683 31-March-2023 CET/CEST