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Acquisition

6 Aug 2013 07:00

RNS Number : 0049L
AdEPT Telecom plc
06 August 2013
 



AdEPT Telecom plc

("AdEPT Telecom" or the "Company")

 

Acquisition of certain trade and assets from Bluebell Telecom Limited

 

Further to the announcement on 26 July 2013, the Board of AdEPT Telecom, one of the UK's leading independent providers of voice and data telecommunications solutions, is pleased to announce that it has signed an agreement to acquire approximately 3,000 business customer contracts from Bluebell Telecom Limited ("Bluebell") for an initial cash consideration of approximately £2m. Further consideration of approximately £0.5m may be payable based upon performance of the contracts post-acquisition.

 

The business customer contracts acquired from Bluebell complement the AdEPT Telecom portfolio as they are all UK based fixed-line telecom business customers taking communications products including lines, calls, data connectivity, inbound-telephony and maintenance services. Management of the contracts will be transferred to AdEPT Telecom's office in Tunbridge Wells, Kent during August 2013.

 

Based on recent management accounting information, annualised revenue and EBITDA attributable to the contracts being acquired is anticipated to be approximately £1.8 million and £0.6 million respectively.

 

The total consideration will be funded out of AdEPT Telecom's existing bank facilities.

 

For further information on AdEPT Telecom please visit www.adept-telecom.co.uk or contact:

 

AdEPT Telecom Plc

Roger Wilson, Chairman 07786 111 535

Ian Fishwick, Chief Executive 01892 550 225

John Swaite, Finance Director 01892 550 243

 

Northland Capital Partners Limited

Edward Hutton/Lauren Kettle 020 7796 8800

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of voice and data telecommunications solutions. The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, VoIP and data connectivity products. AdEPT's tailored services are used by thousands of businesses and residential customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT, Cable & Wireless and TalkTalk Business. The Company employs 48 members of staff at its offices in Tunbridge Wells, Kent.

AdEPT Telecom is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
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ACQUGUWWRUPWPGA
Date   Source Headline
6th Dec 200712:32 pmRNSAcquisition
26th Oct 20074:06 pmRNSHolding(s) in Company
11th Sep 20079:15 amRNSAGM Statement
16th Aug 20079:33 amRNSRule 26 & Adviser Name
2nd Jul 20077:01 amRNSAcquisition of Customer Base
2nd Jul 20077:01 amRNSFinal Results
2nd Jul 20077:01 amRNSAcquisition of Customer Base
2nd Jul 20077:01 amRNSFinal Results
22nd May 20077:01 amRNSDirector/PDMR Shareholding
11th May 20075:03 pmRNSHolding(s) in Company
3rd May 20077:01 amRNSHolding(s) in Company
30th Apr 20077:05 amRNSTrading Statement
24th Apr 20077:02 amRNSHolding(s) in Company
21st Mar 20077:02 amRNSHolding(s) in Company
19th Dec 20061:15 pmRNSVoting Rights & Share Capital
8th Dec 20067:01 amRNSInterim Results
24th Nov 20068:09 amRNSTrading Statement
24th Jul 20065:09 pmRNSDirector/PDMR Shareholding
18th Jul 20067:00 amRNSDirectorate Change
3rd Jul 20067:01 amRNSFinal Results
1st Jun 20067:03 amRNSAcquisition
24th May 20064:19 pmRNSHolding(s) in Company
2nd May 20067:01 amRNSDirectorate Change
24th Mar 20067:01 amRNSAcquisition
15th Feb 20068:00 amRNSFirst Day of Dealings

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