03.09.2018
QSC AG DE0005137004
DGAP-News: QSC AG executes planned spinoff of telecommunications business
DGAP-News: QSC AG / Key word(s): Miscellaneous
QSC AG executes planned spinoff of telecommunications business
03.09.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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QSC AG executes planned spinoff of telecommunications business
- Independent market presence as Plusnet GmbH
- Agile structures fit for future market developments
Cologne, 3 September 2018. QSC AG executed the spinoff of its
telecommunications business to Plusnet GmbH on schedule as of 31 August
2018.
This measure forms part of QSC's verticalisation strategy, which involves
assigning greater responsibility to individual business units. The Company
aims to enable all of its business units - Cloud, Internet-of-Things, SAP
Consulting, Telecommunications and Colocation - to act on the market with
greater agility and increased customer focus.
Plusnet can therefore draw on a nationwide network infrastructure and
decades of experience in operating all broadband technologies. Furthermore,
it operates networks on behalf of third-party providers and offers all
network-related services and all aspects of product and customer management.
As a wholly-owned subsidiary of QSC AG, Plusnet will be able to focus even
more closely on telecommunications as its core business. Furthermore, the
new structure will promote the Company's goal of further developing
Plusnet's business, also by forging cooperations and acquiring
shareholdings.
The spinoff was executed in accordance with the German Transformation Act
(UmwG) and previously approved by the Annual General Meeting of QSC AG in
July 2018. As planned, the spinoff was entered in the Commercial Register on
31 August 2018.
Flexible structures to exploit new market dynamism
"Due to the advance of digitisation, we are seeing greater dynamism in the
telecommunications market. Demand for secure and stable network services is
on the increase, the new fibre optic networks being put in place by local
authorities have to be operated and smart city concepts are becoming
reality. For us, it is now about exploiting this market potential", explains
Jürgen Hermann, CEO of QSC AG, with regard to the strategic considerations
underlying the spinoff.
All staff, all operations and sales structures and all preliminary and end
products for resellers and corporate customers have been transferred from
the Telecommunications business unit at QSC AG to Plusnet GmbH, as have the
relevant partner and customer management structures and contractual
relationships with customers, partners and suppliers. The management of
Plusnet GmbH comprises Dr. Jürgen Mattfeldt, Markus Hendrich and Bert
Wilden.
About QSC AG
QSC AG is digitising the German SME sector. With decades of experience and
expertise in its Cloud, Internet of Things, Consulting, Telecommunications
and Colocation businesses, QSC accompanies its customers securely into the
digital age. The cloud-based provision of all services offers increased
speed, flexibility, and availability. The Company's TÜV and ISO-certified
data centres in Germany and its nationwide All-IP network form the basis for
maximum end-to-end quality and security. QSC's customers benefit from
one-stop innovative products and services that are marketed both directly
and via partners.
Contact for enquiries:
QSC AG
Arne Thull
Head of Investor Relations
T +49 221 669-8724
F +49 221 669-8009
[email protected]
www.qsc.de
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03.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Cologne
Germany
Phone: +49-221-669-8724
Fax: +49-221-669-8009
E-mail: [email protected]
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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719657 03.09.2018
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