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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Elitel Telecom | LSE:ETM | London | Ordinary Share | IT0003021802 | ORD EUR0.05 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3747E Elitel Telecom S.p.A. 12 June 2006 For immediate release 12 June 2006 Elitel Telecom S.p.A. Acquisition of Telecontatto Srl Elitel Telecom S.p.A. ("Elitel") (AIM: ETM), the independent Italian telecommunications group, is pleased to announce that it has acquired Telecontatto Srl ("Telecontatto") for a maximum total consideration of Euro300,000. Telecontatto operates two call centres, based in Milan and Turin. Under the terms of the acquisition agreement Elitel will acquire an initial stake of 52% in Telecontatto for a cash consideration of Euro156,000. Elitel will acquire the remaining 48% for up to Euro144,000 payable in cash or shares on or before 31 October 2006. Telecontatto generated revenues of Euro4.7m in the year to 31 December 2005 producing an EBITDA of Euro470,000. . The majority of the company's business comprises "in-bound" help desk services for a number of major national and multi-national clients primarily in the automotive and retail sectors. Commenting on the acquisition, Federico D'Este, Chief Executive of Elitel, said: "We are delighted to welcome Telecontatto into the Elitel group. The business has a strong client base and will add further to our two existing call centre activities, which generated revenues of Euro13.9 m in 2005 and which are continuing to perform well in the current year.." Enquiries Elitel Telecom S.p.A +39 02 441 0410 Federico d'Este (Chief Executive) Ezio Ravaccia (Chief Financial Officer) Buchanan Communications +44 (0)20 7466 5000 Mark Edwards/Isabel Podda/Jeremy Garcia Charles Stanley Securities +44 (0)20 7149 6000 Russell Cook/Freddy Crossley Notes to Editors Elitel is an independent Italian fixed line telecommunications group. It provides a broad range of voice, data and broadband services, including voice-over IP ('VoIP'), to both businesses and residential customers. The Group also provides wholesale telecommunications services to other carriers, international call services specifically for the Italian ethnic market and telecommunications services to premium content providers. Elitel's network, which covers the whole of Italy, is based on interconnection agreements and access through the leasing of lines from carriers including Telecom Italia and other international carriers. By 31 December 2005 the Group's own fixed line customer base comprised more of 69,000 business customers; 175,000 residential customers and more of 9,200 VoIP end users. In February 2006, Elitel (www.eliteltelecom.com) floated successfully on AIM, part of the London Stock Exchange, raising #8.0 million to fund the expansion of the Group. This information is provided by RNS The company news service from the London Stock Exchange END ACQILFFRREIAIIR
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