TelesensKSCL AG
TelesensKSCL AG english
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TelesensKSCL Corporate News
– Main shareholders affirm not to sell holdings
– New interest on the part of analysts
Cologne, 21 September 2001 – The billing specialist noted that the main
shareholders, company founder and designated Supervisory Board member Genadi Man
as well as investment company “T-Venture”, have affirmed not to sell any of
their holdings for some time to come. At the same time two international bank
houses have underscored their interest in the technologies and solutions offered
by TelesensKSCL. From now on analysts from Dresdner Kleinwort Wasserstein,
London, as well as from Gontard & Metallbank Research, Frankfurt, will carry out
regular studies of TelesensKSCL.
Main shareholders retain their investment
Company founder Genadi Man said with regard to the lock-up agreement scheduled
to run out on 21 September: “I founded Telesens only six years ago as a start-
up. Today TelesensKSCL is a leading company in the billing sector. Although the
extended lock-up agreement runs out now I can assure all stockholders that I
will not be selling stock any time soon. I will continue to maintain close ties
to the company and plan to take the chair of the Supervisory Board.”
Also T-Venture, a subsidiary of Deutsche Telekom and as well a holder of a major
stake in the company, stated that it will not sell its TelesensKSCL shares
after the lock-up agreement runs out. Dr. Thomas W. Kühr of T-Venture: “Despite
the dissatisfying level of stock prices at present we intend to hang on to our
investment. We continue to view the prospects for TelesensKSCL in a very
positive light as evidenced by our recent investments in the company.”
Current distribution of holdings
Genadi Man holds 28.6 percent and T-Venture 25.9 percent of TelesensKSCL. The
free float is at 43,7 percent. It contains shares of pre-IPO shareholders and
KSCL-sellers, whose lock-up agreements have ended, as well as the shares that
have recently been bought by Gold-Zack. About 1.8 percent of the stock (old KSCL
shareholders) are subject to a lock-up agreement until the beginning of
November.
New Supervisory Board confirmed
The local court in Cologne has confirmed the changes in the company’s
Supervisory Board announced on 30 August 2001. As of 1 October 2001 company
founder Genadi Man, Olaf Heyden, a senior manager at Deutsche Telekom with
responsibility for the division Billing-Services, as well as unalteredly Dr.
Christian Stolorz will form the Supervisory Board. Dr. Thomas W. Kühr and Thomas
Metz will leave as of the same date.
Analysts show strong interest
Two further bank houses have published a first report on TelesensKSCL and
thereby initiated coverage.
Dresdner Kleinwort Wasserstein said: “Billing and mediation vendors will benefit
from the rollout of IP, GPRS and 3G networks, the continuing trend to buy
versus build solutions, and the growth in overall telecom traffic. We estimate
that mediation, interconnect and retail billing markets will grow at around 30,
16 and 20 percent annually to 2005 respectively. TelesensKSCL has high potential
IP, broadband and mobile billing technology as well as a significant mobile
customer base.”
Gontard & Metallbank currently views the stock as “highly speculative”. However:
“We relate this solely to the issue of securing liquidity. If the Executive
Board will resolve this issue in the near future, TelesensKSCL has enormous
potential.”
Moritz Gerke, TelesensKSCL’s CEO: “At a time when so many people are turning
away from the telecommunications sector we are pleased that two prestigious bank
houses have taken a strong interest in our company. They will help make it
possible for the financial market to consult a broad range of analyses on the
development of our business and our prospects for the future.”
About TelesensKSCL
Cologne-based TelesensKSCL AG develops billing systems for voice and data
services for mobile and fixed networks in the telecommunication industry,
thereby supporting technologies such as IP, GSM, GPRS and in the future UMTS
(3G). Furthermore, the company offers one of the first usage-based billing
solutions for broadband services such as ATM and Datex-M as well as for
Intercarrier Settlement (Interconnect). In addition the product portfolio of
TelesensKSCL includes products for cost allocation of usage-based
telecommunications and electronic bill post-processing by companies and
carriers. With its package solutions for the telecommunications market,
TelesensKSCL, meets the demands of the entire range of billing and customer care
needs. Over seventy international clients in more than thirty countries use
TelesensKSCL to provide solutions for their billing requirements. The company
has been listed on the Frankfurt Stock Exchange’s “Neuer Markt” since the 21st
of March 2000 (WKN 529 970). Development centres are based in Germany, the
United Kingdom and the Ukraine. The number of employees worldwide is around
1,100.
Investor Relations: Nina von Moltke
Press: Sandra Wagner
E-mail: investor@telesenskscl.com / press@telesenskscl.com
Internet: www.TelesensKSCL.com
TelesensKSCL AG, Global Solutions
Ferdinand-Porsche-Strasse 1, 51149 Cologne
Tel.: +49 2203 91 28 888, Fax.: +49 2203 91 28 500
End of announcement
end of message, (c)DGAP 21.09.2001
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