German fixed network operator QSC has announced plans to spin off its telecoms business into a separate subsidiary. The firm says the move is aimed at enabling it to make better use of new opportunities arising in the telecoms market. QSC will be pooling its network operations, network services and the entire management of preliminary and end products for corporate customers and resellers, including customer and partner management, sales and marketing. Based on initial estimates, the new company will generate revenues of around EUR200 million (USD238 million) and serve more than 25,000 corporate customers.
‘The new structure is particularly designed to make it easier to enter into cooperations and participations and accelerate the implementation of new business models with partners,’ commented QSC’s CEO Jurgen Hermann, adding: ‘A standalone company will enable us to act faster and more flexibly to seize opportunities arising in the TC market.’