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Divestment of Ascom Payphones

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Ascom has received an irrevocable offer for its Business Unit Payphones with locations in France and Mexico.

In the context of focusing on its core activities as communicated in November 2007, Ascom has received an irrevocable offer for its Payphones Business Unit.

Duons MCO, a subsidiary of the French Vallée Group domiciled in Paris, made an irrevocable offer to purchase the French subsidiary Ascom SAS containing the operating assets of the payphones activities and 16 employees in France. The irrevocable offer includes also the Mexican subsidiary Ascom de Mexico S.A. de C.V. with 17 employees. Ascom Holding (France) SA will reply to Duons’ offer after having completed the consultation of its employees’ representatives in accordance with French labor laws. The closing of the transaction is expected to take place until the end of the year.

The parties have agreed not to disclose the purchase price. The transaction would lead to a book loss of a single digit million CHF amount for the Ascom Group.

“With this transaction, Ascom has found a sound solution for its Payphones Business which takes into account the interest of the customers and the employees. In case of a successful closing, we will have completed the divestment program, as announced in November 2007, on time” says Riet Cadonau, CEO of Ascom.

The Business Unit Payphones achieved a revenue of CHF 7.3 Million in the first half year 2008.


ABOUT ASCOM

Ascom är en internationell leverantör av lösningar med omfattande kunskap om uppgiftskritisk kommunikation. Företaget koncentrerar sig på nyckelområdena trådlösa lösningar (företagens kommunikationslösningar med högt värde), nätverkstester (marknadsledande globalt inom testnings- och optimeringslösningar för mobila nätverk) och säkerhetslösningar (säkra och tillförlitliga kommunikationslösningar). Företaget har sitt huvudkontor i Schweiz med dotterbolag i 20 länder och cirka 2 300 anställda världen över. Ascom är noterat på den Schweiziska börsen (symbol ASCN).

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