Last checked at 22 Aug 2013 07:00
22 August 2013
Pinnacle Technology Group plc
("Pinnacle" or the "Company")
Pinnacle adding MVNO capability to address expanding mobile opportunity
Pinnacle Technology Group plc (AIM:PINN), the AIM listed, IT Managed Services Provider, announces that it has entered into a Mobile Virtual Network Operator ("MVNO") agreement with Gamma Telecom Limited ("Gamma"), provided by Gamma's mobile network partner Vodafone.
The MVNO agreement strengthens the Company's capability in the provision of mobile solutions, allowing Pinnacle indirect wholesale access to the Vodafone network via Gamma's unique position in the market as a Mobile Virtual Network Aggregator ("MVNA") provided by Gamma's mobile network partner Vodafone; this in turn should give a robust competitive advantage for the benefit of Pinnacle customers. MVNO status will bring Pinnacle incremental value and wholesale access and enables Pinnacle to integrate more cost effectively, mobile, fixed line telephony and mobile security as a service, which means that Pinnacle customers will enjoy seamless, secure, effective communications, bundled, supported and billed by Pinnacle.
Commenting on the agreement Bob Falconer, Chief Executive Officer of Gamma, said: "Gamma and Pinnacle have worked well together for several years, we are therefore delighted to enter into an MVNO agreement with Pinnacle. The ubiquity of mobile use, and the proliferation of smartphones in particular, coupled with Pinnacle's broad customer base, position Pinnacle well for additional new business in the lucrative UK mobile market."
Commenting on the agreement Alan J Bonner, Chief Executive Officer of Pinnacle, said: "As a Mobile Virtual Network Operator ("MVNO"), we will offer our customers more choice and flexibility of mobile services. We will also be in control of mobile pricing structures, customer service and billing, which will allow us to bundle for our customers, fixed-line, mobile and IT security as a service. As an MVNO, we incur no significant capital expenditure on spectrum or mobile licensed frequencies or infrastructure, neither will we need to embark on the costly and time-consuming task of building out extensive radio infrastructure, and with a relatively small percentage of our customers currently buying mobile services from the Company, the mobility market offers Pinnacle a very exciting opportunity for future growth."
All Company announcements can be found at: | www.pinn.uk.com |
For further information please contact: | |
Pinnacle Technology Group plc | 0845 180 7474 |
Alan J Bonner, Chief Executive | |
Zeus Capital | |
Corporate Finance: Ross Andrews | 0161 831 1512 |
Institutional Sales: John Goold/Alex Davies | 0207 016 8925 |
Newgate Threadneedle | 0207 653 9850 |
Caroline Evans-Jones/Robyn McConnachie |
Notes to editors
About Pinnacle
Pinnacle Technology Group plc (AIM: PINN) focuses on the business market across the UK. We provide a wide range of converged managed solutions including Managed Support Services, Unified Communications and Collaboration, Communications and Mobility, Software as a Service (SaaS) and Infrastructure services.
Broad experience, innovation and impartial expertise puts Pinnacle in best place to design and deliver cost effective new technology solutions for its customers. Pinnacle work with some of the most prestigious organisations in the UK, who rely on us to deliver robust technical solutions that deliver value.
Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Cable and Wireless and Virgin Media. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP and a founder member of Nominet, operating from its data centres in Glasgow, Edinburgh and London.