PTA-Adhoc: TELES AG Informationstechnologien: Sale of TELES Communication Services GmbH

Wednesday, 07. August 2019 16:20

Public disclosure of inside information according to article 17 MAR

Berlin (pta034/07.08.2019/16:20) - TELES AG Informationstechnologien, as a 100% shareholder, sold TELES Communication Services GmbH, Vienna, to the local management under the leadership of Managing Director Thomas Haydn through Management Buy-Out (MBO). The transaction still requires the approval of the Supervisory Board of TELES AG Informationstechnologien.

At the same time, both companies have signed a strategic partnership agreement that will ensure continued close cooperation over the next years.

Unlike the TELES AG Information Technologies, the acquirer is able to finance the modern and very complex Unified Communications as a Service business with additional investments that are still necessary. TELES AG Informationstechnologien itself concentrates on its core business Carrier Solutions.

The Management Board
TELES AG Informationstechnologien

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emitter: TELES AG Informationstechnologien
address: Ordensmeisterstraße 15-16, 12099 Berlin
country: Germany
contact person: Oliver Olbrich
phone: +49 30 399 28 00
e-mail: legal@teles.com
website: www.teles.com

ISIN(s): DE0007454902 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20190807034 ]

Related Links: Teles AG Informationstechnologien
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