Brief: QSC to spin off telecommunications business into subsidiary

QBeyond AG

30/08/2017 11:09

Aug 30 (Reuters) - QSC AG  QSCG.DE : 
    * TO SPIN OFF TELECOMMUNICATIONS BUSINESS INTO A SUBSIDIARY 
    * TO POOL NETWORK OPERATIONS, NETWORK SERVICES AND ENTIRE 
MANAGEMENT OF PRELIMINARY AND END PRODUCTS FOR CORPORATE 
CUSTOMERS AND RESELLERS 
    * NEW STRUCTURE INTENDED TO MAKE IT EASIER TO ENTER INTO 
COOPERATIONS AND PARTICIPATIONS AND ACCELERATE IMPLEMENTATION OF 
NEW BUSINESS MODELS WITH PARTNERS 
    * NEW COMPANY WILL HAVE AROUND 400 EMPLOYEES, GENERATE 
REVENUES OF AROUND EUR 200 MILLION AND SERVE MORE THAN    25,000 
CORPORATE CUSTOMERS 
 
Source text for Eikon:  ID:nEQ2vwtJa  
Further company coverage:  QSCG.DE  
 
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