Integrating Teleos fully into the EWE Group reportedly secures the provision of telecommunications services offered by Teleos in the region, in the long-term.

It also allows Teleos to develop into a full-service provider of telephony, internet, landlines, IT services and mobile communications, and thus become a strong partner for regional customers.

Besides operating in the energy sector, the EWE Group and its subsidiaries have also been active in the telecommunications sector for several years.

Heiko Harms, EWE’s COO and responsible for networks and IT, said: Buying Teleos shares enables us to consolidate our competitive position on the telecommunications market in the south of Lower Saxony and in East Westphalia. As a strong group of telecommunications companies, EWE will carry on the success of Teleos and develop the company even further. EWE is an enterprise with a decentralized structure. Local presence within reach of our customers is very important to us.