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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eurotelecom 'a' | LSE:ETMA | London | Ordinary Share | 'A' COM STK $0.01 (REG S) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
NS Number:3449j EuroTelecom Communications Inc 19 April 2000 The EuroTelecom Communications Inc 'Acquisition' announcement released at 07:01 under RNS No 3228j has been reissued in order to facilitate onward transmission by third party vendors. All details remain unchanged. EuroTelecom Communications, Inc. ACQUISITION OF TIMTEC INTERNATIONAL EuroTelecom Communications Inc. ("EuroTelecom"), the AIM quoted company whose application linking' technology is used to create the communications backbone for intelligent buildings, has acquired the business including a number of contracts in progress, the assets and the right to use the name of Timtec International ("Timtec") for a cash consideration of #600,000 plus legal costs. Based in Alfreton, Derbyshire, Timtec is a high quality interior contractor and shop fitter. The acquisition of Timtec will provide EuroTelecom with a 20-strong team of professionals for installing the group's technology and systems within buildings, both as behind the scenes' infrastructure and front office' equipment. In the 18 months to 30 June 1999, Timtec's turnover was #9.6 million and an operating loss of #235,000 was incurred on a significantly larger workforce. The net assets being acquired are valued at #350,000. The business will trade as Timtec International as part of EuroTelecom's subsidiary, Chunlan Ltd. Phil Derry, EuroTelecom's Chief Executive said : "The acquisition of Timtec will provide an extra set of skills which will help EuroTelecom to offer its customers a complete technology package for intelligent buildings - from the installation of the optical fibre backbone through to supplying and setting up individual user's equipment." For further information, please contact : EuroTelecom Phil Derry, Chief Executive 01709-590899 Buchanan Communications Steve Liebmann / Kirsty Robeson 020-7466-5000 END ACQZGGMDLLFGGZG
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