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09.11.2016 19:15:01
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DGAP-News: Drillisch AG
DGAP-News: Drillisch AG: The Phone House Telecom GmbH Sells Distribution Business for Network Operator Agreements and Enters Distribution Partnership with DeinHandy GmbH
Maintal, 09/11/2016
The Phone House Telecom GmbH Sells Distribution Business for Network Operator Agreements and Enters Distribution Partnership with DeinHandy
The Phone House Telecom GmbH, Muenster, a wholly-owned subsidiary of Drillisch AG, has concluded today a sales contract for all of the shares in The Phone House Telecom Vertrieb GmbH (future company name) with DeinHandy GmbH, Obertshausen. As a consequence of the contract, Drillisch Group is devolving its distribution activities for other network operators. In a transaction parallel to the sale, Drillisch is entering a distribution partnership with DeinHandy GmbH related to the brokerage of mobile services contracts with various Drillisch Group brands by DeinHandy GmbH and its distribution partners, expanding further the sale of its own products.
The assignment of the shares is subject to the condition precedent that the usual execution processes are completed. Confidentiality about the details of the purchase contract has been agreed.
The remaining part of The Phone House Group will concentrate primarily on the sale of hardware and the logistics for all of the member companies of Drillisch Group, including the yourfone shops that have been acquired and opened since the middle of 2015.
Maintal, 9 November 2016
The Management Board
Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de
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09.11.2016 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: Drillisch AG Wilhelm-Röntgen-Straße 1-5 63477 Maintal Germany Phone: +49 (0)6181 412 218 Fax: +49 (0)6181 412 183 E-mail: ir@drillisch.de Internet: www.drillisch.de ISIN: DE0005545503 WKN: 554550 Indices: TecDax Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
518777 09.11.2016
DGAP-News: Drillisch AG / Key word(s): Miscellaneous
Drillisch AG: The Phone House Telecom GmbH Sells Distribution Business for
Network Operator Agreements and Enters Distribution Partnership with
DeinHandy GmbH
09.11.2016 / 19:15
The issuer is solely responsible for the content of this announcement.
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The Phone House Telecom GmbH Sells Distribution Business for Network
Operator Agreements and Enters Distribution Partnership with DeinHandy GmbH
Maintal, 09/11/2016
The Phone House Telecom GmbH Sells Distribution Business for Network Operator Agreements and Enters Distribution Partnership with DeinHandy
The Phone House Telecom GmbH, Muenster, a wholly-owned subsidiary of Drillisch AG, has concluded today a sales contract for all of the shares in The Phone House Telecom Vertrieb GmbH (future company name) with DeinHandy GmbH, Obertshausen. As a consequence of the contract, Drillisch Group is devolving its distribution activities for other network operators. In a transaction parallel to the sale, Drillisch is entering a distribution partnership with DeinHandy GmbH related to the brokerage of mobile services contracts with various Drillisch Group brands by DeinHandy GmbH and its distribution partners, expanding further the sale of its own products.
The assignment of the shares is subject to the condition precedent that the usual execution processes are completed. Confidentiality about the details of the purchase contract has been agreed.
The remaining part of The Phone House Group will concentrate primarily on the sale of hardware and the logistics for all of the member companies of Drillisch Group, including the yourfone shops that have been acquired and opened since the middle of 2015.
Maintal, 9 November 2016
The Management Board
Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de
---------------------------------------------------------------------------
09.11.2016 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
---------------------------------------------------------------------------
Language: English Company: Drillisch AG Wilhelm-Röntgen-Straße 1-5 63477 Maintal Germany Phone: +49 (0)6181 412 218 Fax: +49 (0)6181 412 183 E-mail: ir@drillisch.de Internet: www.drillisch.de ISIN: DE0005545503 WKN: 554550 Indices: TecDax Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
518777 09.11.2016
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