TelesensKSCL AG
TelesensKSCL AG english
Dispute with Telsim adversely impacts the third quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Ad hoc announcement: TelesensKSCL Dispute with Telsim adversely
impacts the third quarter
Cologne, 15 November 2001 – The TelesensKSCL Executive Board has decided to
make provision for non-recovery of debt in respect of the Turkish network
operator Telsim in the accounts for the third quarter 2001. This means that the
quarterly result will be charged by 6 million euros. Telsim had stopped the
current project in the summer time 2001 and not paid TelesensKSCL open
invoices. Today, Telsim obtained payment out of a bank performance guarantee
given by TelesensKSCL under the contract. TelesensKSCL regards this claim as
being unsubstantiated and will now take appropriate action to recover all
amounts due. Should the amounts due not be recovered TelesensKSCL’s liquidity,
as anticipated in its restructuring plan, will be affected only in 2002 and by
a substantially smaller amount than that now provided.
TelesensKSCL will publish its third quarterly report on 29 November 2001.
Investor Relations: Nina von Moltke
E-mail: investor@telesenskscl.com
Internet: http://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 ad-hoc-announcement (c)DGAP 15.11.2001
——————————————————————————–
WKN: 529970; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
152030 Nov 01
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found