Managing Director Thomas Haydn and management of TELES Communication acquired TELES Communication Services GmbH from TELES Aktiengesellschaft Informationstechnologien (XTRA:TLI) in a management buyout transaction on August 7, 2019. The transaction still requires the approval of the Supervisory Board of TELES AG. Managing Director Thomas Haydn and management of TELES Communication completed the acquisition of TELES Communication Services GmbH from TELES Aktiengesellschaft Informationstechnologien (XTRA:TLI) in a management buyout transaction on August 7, 2019.