QSC AG : AG executes planned spinoff of telecommunications business
September 03, 2018 at 02:05 am EDT
Share
DGAP-News: QSC AG / Key word(s): Miscellaneous
QSC AG executes planned spinoff of telecommunications business
03.09.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
QSC AG executes planned spinoff of telecommunications business
- Independent market presence as Plusnet GmbH
- Agile structures fit for future market developments
Cologne, 3 September 2018. QSC AG executed the spinoff of its telecommunications business to Plusnet GmbH on schedule as of 31 August 2018.
This measure forms part of QSC's verticalisation strategy, which involves assigning greater responsibility to individual business units. The Company aims to enable all of its business units - Cloud, Internet-of-Things, SAP Consulting, Telecommunications and Colocation - to act on the market with greater agility and increased customer focus.
Plusnet can therefore draw on a nationwide network infrastructure and decades of experience in operating all broadband technologies. Furthermore, it operates networks on behalf of third-party providers and offers all network-related services and all aspects of product and customer management. As a wholly-owned subsidiary of QSC AG, Plusnet will be able to focus even more closely on telecommunications as its core business. Furthermore, the new structure will promote the Company's goal of further developing Plusnet's business, also by forging cooperations and acquiring shareholdings.
The spinoff was executed in accordance with the German Transformation Act (UmwG) and previously approved by the Annual General Meeting of QSC AG in July 2018. As planned, the spinoff was entered in the Commercial Register on 31 August 2018.
Flexible structures to exploit new market dynamism
"Due to the advance of digitisation, we are seeing greater dynamism in the telecommunications market. Demand for secure and stable network services is on the increase, the new fibre optic networks being put in place by local authorities have to be operated and smart city concepts are becoming reality. For us, it is now about exploiting this market potential", explains Jürgen Hermann, CEO of QSC AG, with regard to the strategic considerations underlying the spinoff.
All staff, all operations and sales structures and all preliminary and end products for resellers and corporate customers have been transferred from the Telecommunications business unit at QSC AG to Plusnet GmbH, as have the relevant partner and customer management structures and contractual relationships with customers, partners and suppliers. The management of Plusnet GmbH comprises Dr. Jürgen Mattfeldt, Markus Hendrich and Bert Wilden.
About QSC AG
QSC AG is digitising the German SME sector. With decades of experience and expertise in its Cloud, Internet of Things, Consulting, Telecommunications and Colocation businesses, QSC accompanies its customers securely into the digital age. The cloud-based provision of all services offers increased speed, flexibility, and availability. The Company's TÜV and ISO-certified data centres in Germany and its nationwide All-IP network form the basis for maximum end-to-end quality and security. QSC's customers benefit from one-stop innovative products and services that are marketed both directly and via partners.
Contact for enquiries:
QSC AG
Arne Thull
Head of Investor Relations
T +49 221 669-8724
F +49 221 669-8009 invest@qsc.de www.qsc.de
03.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
QSC AG
Mathias-Brüggen-Straße 55
50829 Cologne
Germany
Phone:
+49-221-669-8724
Fax:
+49-221-669-8009
E-mail:
invest@qsc.de
Internet:
www.qsc.de
ISIN:
DE0005137004
WKN:
513700
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
q.beyond AG is a Germany-based company engaged in the providing digital solutions. The Company offers cloud management, Systems Applications and Products (SAP), Internet of things (IoT), and other information technology (IT) services. The Company operates in two segments: Cloud & IoT and SAP. The Cloud & IoT segment include IT outsourcing, private enterprise cloud, multi cloud, digital workplace and German data centers, as well as consulting, software development, hardware provision, customer-specific IoT platforms and security and connectivity. The SAP segment focuses on the operation and management of SAP application. Its customers include small- to mid-size enterprises (SME).
Q.BEYOND AG 
