3U HOLDING AG (ISIN DE0005167902) can continue its traditional Voice Retail business for another two years.
Deutsche Telekom and the registered Association of Telecommunications and Value-Added Service Providers (VATM e.V.) have agreed to enable the so-called network provider selection until the end of 2024. The previously existing agreement was limited until 31 December 2022.
3U TELECOM GmbH is a member of VATM. 3U TELECOM and all other Call-by-Call companies within the 3U Group have joined and benefit from the contract extension.
In its business area Telecommunications in the ITC (Information and Telecommunications Technology) segment, Group companies of 3U HOLDING AG provide services in the fields of Voice Retail, Voice Business, Data Centre Services and Managed IT Services. Under Voice Retail, the company offers call-by-call and pre-selection services to fixed-network customers of Deutsche Telekom. Using these services, customers can make cheap and reliable calls worldwide.
Uwe Knoke, board member of 3U HOLDING AG and Managing Director of 3U TELECOM GmbH, says: “3U HOLDING AG has its origins in the Voice Retail business. This business model has shaped our company and was the main reason for its success, especially in the early years. Even today, there is still a relevant, albeit rather declining, demand for this service: last year, Voice Retail had a 17 percent share of the Telecommunications Division’s revenue within the ITC segment. With regards to total revenue of the ITC segment, Voice Retail accounted for almost 8 percent in the 2021 financial year. We are pleased that, contrary to expectations, Voice Retail will now contribute two more years to the business success of this segment."
Pascal Koppetsch, who accompanied the negotiations with VATM on behalf of Deutsche Telekom, emphasises in the joint statement: "we are happy to extend our agreement with VATM. As long as call-by-call and preselection are in demand in the market and these are economically feasible for us, we are happy to continue to enable the existing variety of offers."
The joint announcement by Deutsche Telekom and VATM is available in German language on the VATM press portal: https://www.vatm.de/pressemitteilung-call-by-call-preselection-werden-verlaengert/
Über die 3U HOLDING AG
3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).
Firmenkontakt und Herausgeber der Meldung:
3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Telefon: +49 (6421) 999-0
Telefax: +49 (6421) 999-1222
http://www.3u.net
Ansprechpartner:
Dr. Stephanie Nickel
Investor Relations Managerin
Telefon: +49 6421 999-2211
Fax: +49 6421 999-1222
E-Mail: nickel@3u.net
Investor Relations Managerin
Telefon: +49 6421 999-2211
Fax: +49 6421 999-1222
E-Mail: nickel@3u.net
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