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ecotel communication ag
ISIN: DE0005854343
WKN: 585434
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ecotel communication ag · ISIN: DE0005854343 · EQS - adhoc news (50 News)
Country: Germany · Primary market: Germany · EQS NID: 1598683
31 March 2023 05:48PM

ecotel communication ag: Contribution of the 100% stake in nacamar GmbH to Uplink Digital GmbH


EQS-Ad-hoc: ecotel communication ag / Key word(s): Investment/Disposal
ecotel communication ag: Contribution of the 100% stake in nacamar GmbH to Uplink Digital GmbH

31-March-2023 / 17:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.
Archive at www.eqs-news.com


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

1598683  31-March-2023 CET/CEST

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Contact:
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+49 (0) 89 444 430-000

 

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