Broadnet AG
Broadnet Mediascape Comm. english
broadnet mediascape dissolves Danish subsidiary
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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broadnet mediascape is to dissolve its Danish subsidiary, mediascape
communications ApS, at the end of April. The demand for high-speed internet
access in Denmark has not come up to expectations in terms of licence purchases
and retention.
The Board of Management decided to dissolve the company because revenues
sufficient to cover the relatively high expansion costs in the coming years are
not likely in the foreseeable future. By taking this step, the group can now
concentrate its financial resources on the continued growth of broadnet
mediascape in its core market, Germany.
Negotiations are currently being held with other suppliers about taking over the
customers and employees.
Contact: Kristina Jesse, broadnet mediascape communications AG, Weidestraße
122a, 22083 Hamburg, Tel. 040/668610-0, Fax 040/668610-222, k.jesse@broadnet-
mediascape.de
end of ad-hoc-announcement (c)DGAP 27.03.2002
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WKN: 549 086; ISIN: DE0005490866; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
272029 Mär 02
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