STP.L Regulatory News (STP)

29 Jan 2009 07:00



29 January 2009

SPIRITEL PLC

("SpiriTel" or "the Company")

CONTRACT WIN

SPIRITEL WINS £1 MILLION NETWORK SERVICES AND VOIP CONTRACT 

SpiriTel Plc, (AIM:STP), the business communications service provider, is pleased to announce that it has won a network services and hosted VoIP contract with a major European hotel group. The three year contract, the value of which is expected to exceed £1 million, is SpiriTel's second significant cross sale contract win this month. Under the terms of the agreement SpiriTel will provide integrated network services across all of the group's UK estate of 21 hotels and its head office. The hosted VoIP solution is a managed service which includes the provision of teleworking facilities for field based staff.

This contract win is further evidence of SpiriTel's ability to drive organic growth by cross-selling the Company's expanded product range covering fixed, mobile, data and networking services. Earlier this month, the Company signed an agreement with another international hotel group, under which SpiriTel replaced BT as the provider of a private UK voice network, and this takes the total value of cross sales orders since the Company's April 2008 year end to over £3 million. In addition, the three year term of these recent contract wins contributes to the Company's strategic goal of increasing future earnings visibility.

Commenting on the contract win, Alastair Mills, CEO of SpiriTel said: "I am delighted to have secured another significant contract win for SpiriTel which provides further evidence of the viability of our integrated model in a challenging economic climate. SpiriTel has a proven track record of providing innovative and cost effective solutions and our customers are increasingly looking to us to help deliver cost savings. We believe the Company is well placed to win further market share."

For further information please visit www.spiritelplc.com or contact:

Notes to Editors 

SpiriTel is a business communications group which is taking advantage of the opportunities created by rapidly changing telecoms markets in the UK as the migration to Internet Protocol (IP) based services accelerates. The Group is a consolidator of the highly fragmented UK telecoms reseller market and is building a substantial customer base and scale through selective earnings-enhancing acquisitions. We are organised into two divisions, SpiriTel Technologies - focused on our infrastructure and IP products and services - and SpiriTel Business, which provides our fully integrated range of voice and data services direct to business customers.

Today, the Group offers a broad range of voice and data communications products and services to a customer base of small and medium sized enterprises and an increasing number of larger national and international organisations. We are a recognised leader in the provision of new, but proven, Voice over IP (VoIP) solutions that are firmly based on the old-fashioned service values, which run throughout the Group.