Versatel AG

EANS-Adhoc: Versatel AG to dispose of its cable business

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Düsseldorf, 29 June 2010 - Today, Versatel AG has sold all  shares   in  Versatel Kabel  GmbH  including  its  subsidiaries    Versatel     Media    GmbH,    MediaHome Verwaltungs GmbH, Versatel Telekabel Halle GmbH, Versatel  Telekabel  GmbH,  AKF Betreibungs- und Verwaltungsgesellschaft GmbH, KSP Kabel Service Prenzlau  GmbH, IKS - ImmoKabelService  GmbH,  Deutsche  Netzmarketing  GmbH  to  the   investor Chequers Capital, Paris. Today´s signing of  the  sale  and purchase  agreement took place in consent with the Supervisory Board of Versatel  AG.  The  purchase price amounts EUR 66 million. Furthermore, a Wholesale-Deal of a value  of  EUR 5.5 million and an accumulated revenue of  EUR  8.8  million  was  agreed  on between Versatel AG and the disposed subsidiary Versatel  Kabel  GmbH.  In   selling  the subsidiaries named above, Versatel  AG  retreats   completely  from  end-customer business in cable.

The transaction still has to be approved of by the German cartel office.

Versatel AG

The Management Board

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ots Originaltext: Versatel AG
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Further inquiry note:
Andrea Winzen
Investor Relations
Tel.: +49 (0) 211-52283124

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

Weitere Meldungen: Versatel AG

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