3U Holding AG — M&A Activity 2004

Apr 6, 2004

News Details

Ad-hoc | 6 April 2004 15:55

3U TELECOM AG takes over LambdaNet

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 3U TELECOM AG takes over LambdaNet 3U acquires a majority stake of 90 % in the provider of IP-infrastructure, LambdaNet Communications Deutschland AG (LambdaNet). This step marks for 3U the entry into the IP market. Internet telephony and modern value added service products actually determine the future trend in the whole market of telecommunication services. With the take over of LambdaNet 3U positions itself excellently and at one go in the growth market IP having at its disposal now one of the most modern and state of the art IP based networks. Though this transaction 3U has entered the road leading to a prosperous future and established a second growth and profit pillar for the group. LambdaNet is one of the leading suppliers of transmission network solutions for telecommunication operators, internet service provider and large corporations. LambdaNet is operating a European wide optical transmission network, which through the combined use of most advanced technologies like DWDM- and SDH can offer transmission capacity of many terabits per second. This acquisition was possible because earlier an investment group did lead LambdaNet out of the preliminary bankruptcy filing. The liabilities towards financial institutions were mostly paid off and fresh capital was injected into the company. It was agreed to keep the purchasing price undisclosed but it is meeting current market evaluation methods. The founder of LambdaNet, Dr. Dieter Finke, was appointed to Chief Executive Officer and Mr. Stefan Krüger was named executive vice president for sales. The later was already heading the sales department of LambdaNet. 2003 LambdaNet produced an EBITDA of 16.7 million EURO (US-GAAP) at a revenue of 54.2 million EURO. For further information, please contact: 3U TELECOM AG Axel Becker Tel.: +49 (0)6421 999-0 Fax: +49 (0)6421 999-1111 E-Mail: boerse@uuu.de Internet: http://www.uuu.de end of ad-hoc-announcement (c)DGAP 06.04.2004 ——————————————————————————– WKN: 516790; ISIN: DE0005167902; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 061555 Apr 04