euro adhoc: Lycos Europe N.V.
Strategic management decisions
LYCOS Europe
N.V. to sell its German narrowband business
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
10.05.2007
Haarlem / Netherlands, May 10, 2007 - LYCOS Europe N.V. (LYCOS), one of the leading European portal providers and online advertisers, today signed through its subsidiary Lycos Europe GmbH with Paixas GmbH an agreement about the sale of its German narrowband business for a consideration of around EUR 0.5 million. The sale is effective as of May 1, 2007. The sale comprises the narrowband customers and the German and the European brand "comundo" of LYCOS. The discussions about a potential sale of the LYCOS broadband business are still ongoing.
About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the leading Internet destinations operating a network of websites in seven languages in Europe and the USA. The company's combination of search, communication services, online communities, content channels, Internet access, shopping, homepage building and domain names registration addresses a wide range of target groups. The Lycos Europe Network provides an attractive medium not only for consumers but also for advertisers and e-commerce partners. Every month about 38 million users visit the Lycos Europe sites and also partner sites distributed by Lycos Europe. With a network of websites covering Austria, Denmark, France, Germany, Great Britain, Italy, the Netherlands, Spain, Switzerland and the USA, Lycos Europe has a large geographical reach in Europe and Northern America.
end of announcement euro adhoc 10.05.2007 17:39:51
Further inquiry note:
LYCOS Europe
Analyst Relations
Sascha Wittler
T: +49-(0)5241-80-71134
F: +49-(0)5241-80-671134
E: sascha.wittler@lycos-europe.com
LYCOS Europe
Public Relations
Heike Meyer
T: +49-(0)5241-80-71051
F: +49-(0)5241-80-671051
E: heike.meyer@lycos-europe.com
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Euronext - Paris / free trade
Bayerische Börse / free trade