Versatel AG

euro adhoc: Versatel AG
Joint Ventures/Cooperation/Collaboration
Joint Venture Versatel Media GmbH acquires cable network operator

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Düsseldorf, December 11, 2008 - The Supervisory Board of  Versatel   AG,  Berlin, ISIN: DE000A0M2ZK2, has consented to the acquisition of Media Home  GmbH  &  Co. KG, Essen and of MediaHome Verwaltungs   GmbH,  Essen  by  Versatel  Media  GmbH. Versatel Media GmbH is a joint venture of Versatel Kabel GmbH and  Life  Science GmbH, a 100% subsidiary of Corfina AG, Frankfurt/Main. MediaHome was founded  as a joint venture of GAGFAH Immobilien-Management GmbH (GAGFAH  M)  and   TCC  Tele Communication Company mbH in 2001. MediaHome is a level 4   cable  operator  with 81,000 reachable households. Versatel accounts for EUR 13 million of the purchase price through a shareholder loan due to the structure of the joint venture.  The acquisition still requires regulatory approval.

Versatel AG The Management Board

Contact: Versatel AG Marius  Rispeter  Head  of  Investor  Relations &  Capital Markets Niederkasseler Lohweg 181-183 40547  Düsseldorf   Phone:  +49(0)21152283- 557 Fax: +49(0)21152283-472 Mail:

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ots Originaltext: Versatel AG
Im Internet recherchierbar:

Further inquiry note:
Andrea Winzen
Tel.:    +49 (0) 211-52283124

Branche: Telecommunications Equipment
ISIN:      DE000A0M2ZK2
WKN:        A0M2ZK
Index:    TecDAX, CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard

Weitere Meldungen: Versatel AG

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