Maintel Regulatory News (MAI)

3 Aug 2007 11:56

Maintel Holdings PLC03 August 2007 Maintel Holdings Plc ('Maintel') Acquisition Maintel, the telecommunications and data services group, announces that it hasacquired a contract base of maintenance, call traffic, line rental and VoIPhosted service customers from Callmaster Limited, for a consideration of up to£442,000 which will be satisfied in cash from existing resources. Two ofCallmaster's engineers joined the Group at the same time. The annual value ofthe contracts at the date of acquisition was approximately £850,000. The contracts acquired are mainly in the south east and complement Maintel'sexisting operations, so offering significant synergies. They provide anenhanced base into which to develop the Group's VoIP hosted service, togetherwith a new market into which the Group can cross sell its other services. 3 August 2007 Tim Mason, Chief Executive, commented, "I am very pleased with this latestacquisition which will increase our customer base into which we can sellMaintel's additional products and services." For further information please contact: Tim Mason, Chief Executive 020 7401 4601Dale Todd, Finance Director 020 7401 0562 This information is provided by RNS The company news service from the London Stock Exchange