Okay, after telneting you see the target dir from your source.
I have tried to deselect the micro telnetd from make menuconfig in apps dir and to select the one from busybox.
But after recompiling the configs get overwritten somehow with the old settings.
The same by just adding dmesg to test it over telnet and so on...
Just few hours left to test until the game of Germany
UPDATE:
I have successfully replaced the micro telnet with the better one from busybox, but now it seems that I have to setup a specific login environement.
Trying 192.168.1.1...
Connected to 192.168.1.1.
Escape character is '^]'.
Connection closed by foreign host.