T-Online International AG
T-Online International english
T-Online sells t-info
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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T-Online sells t-info
T-Online International AG today sold its subsidiary, t-info GmbH, for
approximately EUR 86 million to DeTeMedien, Deutsche Telekom Medien GmbH, a 100%
subsidiary of Deutsche Telekom AG, effective for financial reporting purposes
from 1 April 2003. t-info GmbH provides information services and specialised
directories via the Internet and mobile terminal devices such as PDAs and mobile
phones. The Supervisory Boards of T-Online and DeTeMedien gave their approval
to the transfer of t-info GmbH. DeTeMedien made T-Online International AG an
offer that includes interest on the capital already invested at a rate of 11
percent. The sale will give T-Online other operating income of about EUR 24
million (minus the book value of t-info GmbH), which will appear in the
financial statements in the second quarter.
Both partners agreed that the valuation should be based on a report drawn up by
an independent auditing company to set the purchase price.
t-info contributed 2 % to the total revenues of T-Online for 2002. The effect on
EBITDA for the whole year 2002 was EUR 1 million.
end of ad-hoc-announcement (c)DGAP 28.05.2003
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WKN: 555770; ISIN: DE0005557706; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Eurex
281054 Mai 03
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