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BRIEF-QSC to spin off telecommunications business into subsidiary
August 30, 2017 / 10:14 AM / 3 months ago

BRIEF-QSC to spin off telecommunications business into subsidiary

Aug 30 (Reuters) - QSC AG:

* 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: Further company coverage: (Gdynia Newsroom)

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