DGAP-News 504 0 Kommentare Drillisch AG: The Phone House Telecom GmbH Sells Distribution Business for Network Operator Agreements and Enters Distribution Partnership with DeinHandy GmbH

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
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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

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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.

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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
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518777 09.11.2016