Press release BoxID: 313209 (Ecotel Communication AG)
  • Ecotel Communication AG
  • Prinzenallee 11
  • 40549 Düsseldorf
  • Contact person
  • Annette Drescher
  • +49 (211) 55007-740

ecotel sells 40% share of PPRO

(PresseBox) (Düsseldorf, ) ecotel has sold 40% of its shares of PPRO GmbH. The shares have been transferred to Nieland Technologies GmbH for a total price of 400,000 Euro. ecotel maintains a nearly 11% share in PPRO.

For 2009 PPRO expects to generate revenues of 6 million Euro and an EBITDA of approx. 0 Euro.

The transaction is part of ecotel's strategy with a sole focus on the provision of telecommunications services for business customers, resellers and New Business customers.

This publication does not constitute an offer for the sale of shares in the company or a solicitation of an offer for the purchase of shares in the company. Furthermore this publication shall not constitute a securities prospectus. This document must not be distributed outside of Germany, in particular not in the United States of America, Canada, Australia or Japan.

Ecotel Communication AG

ecotel is a publicly listed telecommunications company which operates in Germany and focuses on three business divisions.

In its core division "Business Customers" the company offers an integrated product portfolio of voice, data and mobile services. ecotel meanwhile serves approximately 35,000 business customers within Germany with standardised and individual telecommunications solutions and consistently implements its fixed mobile convergence (FMC) strategy.

In its second division "Wholesale Customers" the company provides carrier and wholesale services to other telecoms operators and to nonindustry distributors. ecotel deploys state of the art enabling and switching platforms in order to provide its product portfolio (unbundled local loops, broadband access lines, mobile services) to other resellers. At the same time the company achieves economics of scale and broadens its value chain for its own core business "business customers".

The division "New Business" contains ecotel's fast growing subsidiaries and new ventures. Apart from easybell this division also includes the New Media business, which has been transferred into this unit.

ecotel was founded in 1998 and is headquartered in Düsseldorf. At present, the group has approximately 200 employees. It is among the fastest growing technology companies and was ranked among the top 50 companies in the Deloitte "Technology Fast 50" competition for the past four consecutive years.