telegate takes over DA-business from SNT Germany

Acquisition in Germany

Munich, 7 June, 2006 – The DA and call center provider telegate AG signed an agreement with SNT Deutschland AG for takeover of SNT’s classic DA-business. telegate will take over SNT Germany's DA-telephone numbers “11881”, “11882” and “11889”, as well as all existing customer contracts related to these numbers. A central component of the acquisition is thus a long-term partnership with the mobile phone carrier O2 Germany, which exclusively markets the DA-number “11881” on its net.

The purchase price approximately equals one and a half times the annual sales of around Euros 6 million, which SNT Deutschland earns in the classic DA-business. Both companies agreed to keep additional terms of the acquisition confidential. The transaction is expected to be completed by the end of June 2006.

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