#ECOTEL

Network Corporate Finance advised ecotel Communication AG, Düsseldorf, on the preparation for the flotation on the open market of the Frankfurt Stock Exchange.

#Key data

Industry: IT & Software
Client: ECOTEL
Project type: Capital Market Transactions
Description: IPO Entry Standard
Date: March 2006

Transaction

In a public offering, ecotel Communication AG placed 935,000 ordinary shares from a capital increase and admitted its share capital, valued at EUR 3.5 million for trading on the open market of the Frankfurt Stock Exchange. The proceeds from the share placement are being used to strengthen the capital, which will help the company finance the development and expansion of the business activities. Apart from investments in tangible assets and the sales structure, selected shareholdings and acquisitions in particular are planned. The placement was supported by the Baader securities trading bank as syndicate leader and HSBC as designated sponsor.

 

Issuer

ecotel Communication AG is a network-independent telecommunications company that was founded immediately after the deregulation of the telecommunications market in 1998. The company offers its products and services to small and medium-sized companies in the corporate solutions sector, as well as reseller solutions for telecommunications companies and marketing organisations. By 31.12.2005 the company had handled over 56,100 telecommunications connections for more than 26,000 clients and achieved sales of EUR 34.7 million with an EBIT of EUR 2.2 million.

 

Key facts

Transaction value: EUR 16.3 million
Sector: Telecommunications
Sales: EUR 34.7 million
Employees: 82
Date: March 2006

 

The role of Network Corporate Finance

Network Corporate Finance advised the clients on the preparation and implementation of the initial public offering.

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