30th Jun 2005 11:57
Kingston Communications(Hull)PLC30 June 2005 Kingston Communications (HULL) PLC KINGSTON COMMUNICATIONS (HULL) PLC (KCOM.L) DISPOSAL OF ARCHE COMMUNICATIONS SAS COMPLETED Further to the announcement on 20 May 2005 and following regulatory approval,Kingston Communications (HULL) PLC today announces the completion of thedisposal of Omnetica France Holdco SA and its subsidiary, Arche CommunicationsSAS, to the Telindus Group NV. The transaction price of the acquisition amounts to EUR 47 million on a cash anddebt free basis. ENDS For further information, please contact: Kingston Communications (HULL) PLCGroup Director of CommunicationsAnita PaceTel: 01482 602666Mobile: 07770 744322 The Maitland ConsultancyColin BrowneTel: 020 7379 5151Mobile: 07733 103800 Note to Editors About Kingston Communications Kingston Communications is a leading provider of communications solutions,providing a wide range of voice, data, internet and contact centre services tobusinesses and public sector organisations throughout the UK. Kingston is a converged communications company with expertise and experience inboth telecommunications and enterprise networking, supported by its own 2200kmbroadband network. As such, it is ideally positioned to meet the infrastructure,equipment and connectivity requirements of modern organisations, for whomcommunications is a strategic consideration. Kingston's national capabilities have been built on its strong foundationswithin East Yorkshire, where the company has been providing leading edgeservices to residential and business customers for over 100 years and where ithas been a pioneer in the use of ADSL technology. In December 2004 Kingston acquired Omnetica Holdings Ltd, specialists in theprovision of converged IP networks; and in March 2005 it acquired Technica, aleading supplier of network storage services. In April, it launched Affiniti,which combined Kingston's Business Services Division, Omnetica and Technica tocreate a unique communications integration business. The Kingston Group also includes Eclipse Internet, an established and growingbroadband ISP that delivers internet connectivity and services to businesses andconsumers throughout the UK. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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