TelesensKSCL AG
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TelesensKSCL agrees joint venture with Telecominvest of Russia
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TelesensKSCL agrees joint venture with Telecominvest of Russia
– Milestone in internationalisation expansion programme
– Planned turnover: 30 million euros in five years
– Positive cash flow expected in current fiscal year
Cologne, 6 February 2002 – Neuer Markt-listed TelesensKSCL AG, a provider of
billing systems for the telecommunications industry, has taken an important
strategic step by entering the Russian telecommunications market, agreeing a
joint venture with Russian holding company Telecominvest of St. Petersburg.
The Cologne-based billing specialist aims to leverage this joint venture to
achieve licensing and service revenue in Russia and subsequently in other CIS
countries (Confederation of Independent States). As already anticipated in
TelesensKSCL’s business plan, the company expects a positive cash-flow
contribution to its results in the first year of business. Revenues of more than
thirty million euros are anticipated in the first five years. TelesensKSCL
holds 49 per cent of the joint venture, which is headquartered in Moscow, with
Telecominvest retaining 51 per cent.
Moritz Gerke, CEO of TelesensKSCL: “We are committed to forging ahead with our
internationalisation strategy, focusing on our core markets. Due to the existing
market structure and trends, Russia, Eastern Europe and the CIS states are
particularly relevant. This joint venture, together with our existing Eastern
European business, is an additional decisive milestone which will establish us
as a leading provider of billing solutions in the region in the long term.”
Adds Gerke: “Telecominvest has stakes in a range of companies both inside and
outside Russia, and many important alliances. Partners include Russian market
leader Svyazinvest, which has a leading role in this market. The joint venture
with Telecominvest gives us access to this important growth market, giving us a
major competitive advantage.”
Telecominvest’s international partners
Established in 1994, Telecominvest is driving the development of advanced
telecommunications services and technologies in Russia. German bank Commerzbank
holds a majority stake in Telecominvest through a subsidiary.
Internationally, Telecominvest has strategic partnerships with companies such as
Telia and Sonera. The Russian holding company also works closely with
international banks like Commerzbank, the European Bank for Reconstruction and
Development, ABN-AMRO Bank, BNP-Dresdner Bank and Credit Lyonnais.
Within Russia, Telecominvest acts as the holding company for 32 regional
telecoms providers. Svyazinvest, which serves more than 25 million customers
also holds stakes in Telecominvest through its subsidiary North West Telecom.
Market with huge growth potential
Russia has a population of over 145 million, but just 20 per cent of private
households have a fixed telephone line. Deregulation of the market is in full
swing, and the first nine months of 2001 saw growth of more than 30 per cent
over the previous year. A further significant rise in the number of lines is
expected by 2006.
About TelesensKSCL
Cologne-based TelesensKSCL AG develops and implements billing systems for voice
and data services for mobile and fixed networks in the telecommunication
industry. Its modular, component based product range supports 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). With its
unique range of products for the international telecommunications market the
company meets the demands of the entire range of BSS (Business Support Systems).
Over eighty international clients in more than thirty countries use
TelesensKSCL to provide solutions for their rating and billing requirements.
Main sales offices are located in Paris, Hong Kong and Moscow. The company has
been listed on the Frankfurt Stock Exchange’s “Neuer Markt” since the 21st of
March 2000 (WKN 529 970).
end of message, (c)DGAP 06.02.2002
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