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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:3606G Elitel Telecom S.p.A. 18 July 2006 For Immediate Release 18 July 2006 Elitel Telecom SpA Acquisition Elitel Telecom S.p.A. ("Elitel") (AIM: ETM), the independent Italian telecommunications group, is pleased to announce that it has signed an option to acquire the data centre branch of Blixer Net Services S.r.l. ("BNS") with an agreement to pay an annual rental of the business and operations of BNS for Euro200,000 per annum until 2011 (the "Agreement"). The Agreement grants Elitel the right to continue to rent the business beyond 2011 or to then acquire the business for a final cash payment of up to Euro2.0 million, less the amounts already paid as rental, at any time until 2016. Elitel offers 'housing & hosting' services to its clients through two data centres in Milan and Rome. The incorporation of the BNS business with Elitel, strengthens Elitel's integrated voice and data offering through the utilisation of BNS' client base in 'housing & hosting' services coupled with the use of their data centre in Bergamo. The addition of a third data centre and of a team of dedicated professionals will enhance Elitel's capability of servicing its existing data clients while offering a wider number of services to its voice clients. BNS Data Centre branch generated revenues of Euro1.92million in the year ended 31 December 2005, including sales to Elitel of approximately Euro0.58 million. BNS is owned by Gengar Servicos de Consultoria Limitada, which is wholly owned by Kiwi II, Elitel's majority shareholder. Commenting on the acquisition, Federico D'Este, Chief Executive of Elitel, said: "We are delighted to enhance our Data Centre business through this agreement. The business has a strong client base and the team that is joining us will help further develop this area that represents the natural completion of our integrated voice and data offer." Enquiries Elitel Telecom S.p.A +39 02 441 0410 Federico d'Este (Chief Executive) Nicolo Zanchi (Group Corporate Development Officer) Buchanan Communications +44 (0)20 7466 5000 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 ACQUWRURNWRBAAR
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