Mox Telecom AG Announces Further Details on Acquisition of Mediasource AG

Mox Telecom AG announced that at the second Extraordinary General Meeting of Mediasource AG, its shareholders with the majority of 95% votes have approved the decision of the acquisition of Mediasource AG by the Company and capital increase. In addition, it has been resolved to change the name of Mediasource AG into Mox Deals AG. After the capital increase in cash and in kind, Mox Telecom AG will hold a 90% stake in Mox Deals AG. Mox Deals AG, as a new division of Mox Telecom AG, is to establish itself in the telecommunication sector. Furthermore, the Company announced that it expects sales of Mox Deals AG to reach the range of between EUR 8 million and EUR 10 million and a double-digit gross margin in the next three years.