QSC AG

M&A Activity • Dec 22, 2010

News Details

Ad-hoc | 22 December 2010 22:52

QSC buys all shares of network company Plusnet and at the same time receives EUR 29.5 million

QSC AG / Key word(s): Contract

22.12.2010 22:52

Dissemination 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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QSC buys all shares of network company Plusnet and at the same time
receives EUR 29.5 million

Cologne, December 22, 2010. Effective retroactively to October 31, 2010,
QSC AG, Cologne, is acquiring the 32.5%-share in DSL network company
Plusnet GmbH & Co. KG, Cologne, from Communication Services TELE2 GmbH,
Düsseldorf, the German subsidiary of TELE2 Group, for EUR 36.7 million.
TELE2 is paying EUR 66.2 million for the early termination of the existing
contract, which would originally have run through December 31, 2013.
In parallel, QSC and TELE2 are entering into two agreements, which have a
term of 10 years, respectively, concerning DSL-Wholesale and Managed
Outsourcing services.
The transaction is subject to approval by the Bundesnetzagentur (Federal
Network Agency).
The realignment of the shareholder structure of Plusnet, which had already
been fully consolidated by QSC in the past, will have no impact on the
forecast for the current fiscal year.

Queries to:
QSC AG
Arne Thull
Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de

22.12.2010 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Köln
Deutschland
Phone: +49 (0)221 66 98-112
Fax: +49 (0)221 66 98-009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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