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1&1 AG — M&A Activity 2007
Jan 15, 2007
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M&A Activity
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Corporate | 15 January 2007 11:19
Drillisch AG: Acquisition of Telco Services GmbH, Idstein, strengths postpaid customer segment up to 850.000; overall customer base of Drillisch AG increases to more than 2 millions
Drillisch AG / Acquisition/Acquisition
Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Press Release
Drillisch AG: Acquisition of Telco Services GmbH, Idstein, strengths
postpaid customer segment up to 850.000; overall customer base of Drillisch
AG increases to more than 2 millions
Maintal/Idstein, January 15, 2007: The mobile service provider Drillisch AG
has signed a Sale & Purchase Agreement acquiring 100% of Telco Services
GmbH, Idstein, on Sunday. The parties agreed not to disclose the purchase
price. The transaction is subject to the approval by the German anti-trust
authority (Bundeskartellamt), the mobile network operators as well as a
satisfying due diligence by Drillisch AG.
Having completed that acquisition, Drillisch AG comprising then more than 2
million customers, will obtain a market share of approximately 10% in the
German mobile service provider market. So, the company consequently
continues to pursue its strategy of consolidating the mobile service
provider market in Germany. 'Telco Services GmbH strengthens our postpaid
customer segment by bringing it up to 850,000 customers. Hence Drillisch AG
is well positioned in all three business segments, prepaid, postpaid and
discount', stated board member Paschalis Choulidis in Maintal on Monday.
Drillisch AG is delighted to gain in Telco Services GmbH a strong partner
with an outstanding network of telecommunication retail dealers and highly
skilled employees for the group. The board of Drillisch AG expects various
positive effects from this acquisition and will through the extended
distribution channels provide further attractive services for its customers
in the future. 'Telco Services GmbH perfectly fits to Drillisch with
respect to the customer base as well as distribution channels', stated
board member Vlasious Choulidis.
Telco Services GmbH co-operates with numerous high-performing
telecommunication retail dealers as well as the four mobile network
operators, T-Mobile, Vodafone, E-Plus and O2. The customer base of
approximately 300,000 customers is characterised by excellent loyalty and
revenues; this results in one of the highest revenues per postpaid customer
in the Germany mobile market. In March 2005, the company, based in Idstein
near Frankfurt, has been chosen 'Service Provider No. 1' for the third
consecutive year (nationwide survey among specialist retailer by 'markt
intern').
Drillisch AG is advised by BHF-BANK AG und White Case, Frankfurt.
Contact:
Drillisch AG, Investor Relations
Paschalis Choulidis, Executive Board Spokesman
Stefan Otto, Investor Relations Manager
Telephone: +49 (0) 6181/ 412-124, Fax: -184
E-Mail: [email protected]; Internet: www.drillisch.de
Corporate Headquarters: Wilhelm-Röntgen-Straße 1-5, D-63477 Maintal
Contact:
Drillisch AG, Investor Relations
Paschalis Choulidis, Executive Board Spokesman
Stefan Otto, Investor Relations Manager
Telephone: +49 (0) 6181/ 412-124, Fax: -184
E-Mail: [email protected]; Internet: www.drillisch.de
Corporate Headquarters: Wilhelm-Röntgen-Straße 1-5, D-63477 Maintal
DGAP 15.01.2007
Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 184
E-mail: [email protected]
WWW: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, München, Stuttgart
End of News DGAP News-Service