3U is taking over the Internet infrastructure provider LambdaNet Communications Deutschland AG (LambdaNet) by a majority of 90%. For 3U this is an introduction into the ISP business. Internet telecommunications and value-added services currently define the trend in today’s telecom market. By acquiring LambdaNet, 3U is immediately able to position itself in an excellent growth market, and in so doing will have one of the most modern IP networks at its disposal.
Thus 3U has set a course for the future, and has created a second area of growth as well as an additional source of income.
LambdaNet is a leading provider of network transmission solutions to telecommunication corporations, Internet service providers and large customers. LambdaNet operates a European-wide optical transmissions network, which through the combined implementation of the most modern technology, such as DWDM (Dense Wave Division Multiplexing) and SDH (Synchronous Digital Hierarchy), has a transmission capacity of several terabits per second.
The acquisition was made possible, because an investors group had previously led the company through their insolvency. It was agreed that the purchase price would remain undisclosed, which is in keeping with usual market conditions.
The founder of LambdaNet, Dr. Dieter Finke, was appointed as CEO. The position of Director of Sales was assigned to Stefan Krüger, who had already held this position for LambdaNet.
In 2003 LambdaNet had a revenue of €54.2 million and an EBITDA of €16.7 million (according to US-GAAP).
For queries:
3U TELECOM AG
Axel Becker
Tel.: +49 (0)6421 999-0
Fax: +49 (0)6421 999-1111
E-Mail: boerse@uuu.de