TELES AG Informationstechnologien: Sale of TELES Communication Services GmbH

Berlin (pta034/07.08.2019/16:20 UTC+2) TELES AG Informationstechnologien, as a 100% shareholder, sold TELES Communication Services GmbH, Vienna, to the local management under the leadership of Managing Director Thomas Haydn through Management Buy-Out (MBO). The transaction still requires the approval of the Supervisory Board of TELES AG Informationstechnologien.

At the same time, both companies have signed a strategic partnership agreement that will ensure continued close cooperation over the next years.

Unlike the TELES AG Information Technologies, the acquirer is able to finance the modern and very complex Unified Communications as a Service business with additional investments that are still necessary. TELES AG Informationstechnologien itself concentrates on its core business Carrier Solutions.

The Management Board
TELES AG Informationstechnologien

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Emitter:	TELES AG Informationstechnologien Ordensmeisterstraße 15-16 12099 Berlin Germany
Contact Person:	Oliver Olbrich
Phone:	+49 30 399 28 00
E-Mail:	legal@teles.com
Website:	www.teles.com
ISIN(s):	DE0007454902 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart