QSC completes Plusnet sale

8 May 2019

Cologne-based ICT firm QSC has concluded an agreement with EnBW Telekommunikation for the sale of all shares in its ISP unit Plusnet for EUR229 million (USD256 million). The transaction is expected to close in the third quarter of 2019 and is subject to approval by antitrust authorities and other closing conditions.

As previously reported by CommsUpdate, QSC completed the spin-off of Plusnet on 31 August 2018, noting that all products for resellers and corporate customers had been transferred from QSC’s ‘Telecommunications’ business unit to Plusnet, along with the relevant contractual relationships with customers, partners and suppliers. At the time, QSC revealed that it had also decided to enter into discussions with suitable investors regarding the sale of the newly spun-off unit and revealed last month that negotiations were at a final stage.

Germany, q.beyond (formerly QSC)