Marburg, 21 June 2007 – 3U TELECOM AG, which is listed on the Prime Standard at Frankfurter Stock Exchange, intends to sell LambdaNet Communications Deutschland AG within the framework of its repositioning as a management and shareholding company. Following the take-over of LambdaNet in April 2004 and its successful development into one of the leading providers of transfer network solutions for telecommunications companies, internet service providers and business customers, the company is now being sold for strategic reasons. In view of the focus on the call-by-call and wholesale business since mid-2006 in the fixed-line telephony segment, LambdaNet, despite its ongoing excellent business development, is no longer absolutely necessary for the operations of the 3U Group. The sale is intended to provide 3U TELECOM AG with further liquidity for the development of the shareholding business in addition to its current available liquid funds of ca. € 37 million. Initial offers have already been received from renowned potential buyers. The sale of LambdaNet will not have any negative impact for the traditional fixed-line telephony segment.
“The objective of the negotiations currently being conducted on the sale is that of acquiring an investor for LambdaNet with a long-term orientation, who will continue and further expand the successful business activity. LambdaNet is successfully established in the market, and thanks to its individualized product portfolio based on state-of-the-art technology has numerous renowned customers under contract. In this regard LambdaNet is highly profitable, having attained an EBITDA of € 8.3 million in 2006, with a planned EBITDA of € 10.2 million for 2007. In particular there is thus considerable interest in a take-over of LambdaNet on the part of major strategic investors. After the sale 3U TELECOM AG will continue to use the telecoms network infrastructure of LambdaNet for its core business, call-by-call and wholesale. In this respect there are long-term, cost-efficient agreements with LambdaNet,” says Oliver Zimmermann, the chief financial officer of 3U TELECOM AG.
Contact:
3U TELECOM AG
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: ir@3u.net