T-Systems to sell its French domestic telco business to LDCOM T-Systems plans to sell its subsidiary Siris with its domestic fixed-network activities in France to LDCOM (Louis Dreyfus Communications), one of the leading French telecommunications companies. LDCOM would in the future act as T-Systems' sales partner in the French market. A proposal has been submitted to employee representatives of the companies. The sale is subject to the approval of the relevant French authorities. LDCOM would acquire 100 percent of Siris' shares for a purchase price of € 25 million.
With this step, T-Systems plans to further focus on its core business in France. "We are focused on customized IT and telecommunications solu-tions for large multinational customers and carriers," states Konrad F. Reiss, Deutsche Telekom Board Member and T-Systems CEO. "From now on, this will be T-Systems' top priority in France."
T-Systems will continue its IT services business in the French market, regardless of the planned sale. LDCOM and T-Systems plan to cooperate in the telecommunications services segment to jointly serve international customers. The LDCOM group would gain access to T-Systems' global services. In return, T-Systems would have access to the fixed-network operator's high-performance infrastructure.
T-Systems also operates one of the world's most modern telecommunications networks (Telekom Global Net), connecting all major trade centers worldwide. Via this network and its node in Paris, T-Systems will continue to provide worldwide connectivity to customer locations in France.
T-Systems
is one of Europe's foremost ICT service providers. As part of the Deutsche Telekom group, the company services the segment with the largest business clients. In more than 20 countries, T-Systems employs a workforce of about 43,500. In 2002 the Telekom subsidiary realized sales of 11.3 billion Euros and an adjusted EBITDA (earnings before interest, tax, depreciations and amortizations) of 1.15 billion Euros.
T-Systems provides sustainable business cases for major clients in the telecommunications, services & finance, public & healthcare and manufacturing industries. For its clients, the company optimizes processes, cuts costs and improves earnings. In doing so, it makes targeted use of industry expertise and cutting-edge technology. Its services range from integration of new ICT solutions into existing client systems, through setup and operation of desktop systems, data centers and networks, all the way to telecommunications business with international carriers.
You will find more information about the company and its services at http://www.T-Systems.de and http://www.t-systems.com.
Contact:
T-Systems
Presse- und Öffentlichkeitsarbeit
Telefon: 0 69 6 65 31-126
Telefax: 0 69 6 65 31-139
E-Mail: presse@t-systems.com
Deutsche Telekom
Hans Ehnert
Presse- und Öffentlichkeitsarbeit
Telefon: +49 228 181 94310
Telefax: +49 228 181 94311
E-Mail: hans.ehnert@telekom.de