30th Apr 2007 07:05
AdEPT Telecom plc30 April 2007 AdEPT Telecom ("AdEPT" or "the Company") Trading Update AdEPT a leading independent provider of telecommunications services for landlinecalls, line rental, and broadband, announces a trading update post its financialyear end on 31 March 2007. For the 12 months to 31 March 2007, the Company expects total revenues andEBITDA to be ahead of expectations and Profits before Tax to be well ahead. AdEPT remains in a good position to continue to act as a consolidator of thehighly fragmented fixed line reseller market, which is estimated to containalmost 1,000 small service providers. There therefore remains considerable scopefor AdEPT to grow organically and through acquisition, and the current pipelineof acquisitions remains strong. The Company continues to target fixed lineresellers as well as opportunities in the broadband and mobile space. During 2006, the telecommunications sector experienced a period of increasedcompetition particularly as a result of free broadband offers and packaging offixed line with mobile. AdEPT has responded with the launch of a nationalbusiness grade broadband offering with speeds of up to 8mb (or in some cases upto 24mb dependent on network availability). The market environment has improved from last year and this, together with agreater focus on customer service has led to a decrease in the level of customerchurn. From August to March customer churn has reduced by 1/3. AdEPT looks forward to further updating the market at the time of preliminaryresults for the year ended 31 March 2007, in early July 2007. Roger Wilson, Chairman of AdEPT, said, "Our product offering is broadening fromour core focus on fixed line with our successful broadband offer and we arelooking at opportunities in the mobile sector. Discussions are continuing with anumber of potential acquisition targets which we believe could be successfullyincorporated within the AdEPT business model and generate significantshareholder value. Taken together AdEPT is in a good position to continue toexpand." Enquiries AdEPT Telecom Roger Wilson Tel: 07786111535 Chairman Strand Partners Simon Raggett Tel: 0207 409 3494 Warren Pierce Cardew Group Tim Robertson Tel: 020 7930 0777 M: 07900 927650 Shan Shan Willenbrock Notes for Editors: AdEPT Telecom is a leading non-network, UK telecom company that providesfixed-line calls and line rental to business and residential customers in theUK. AdEPT Telecom is focused on growing the business by way of acquisition andhas a proven M&A track record and an effective integration process. Sinceinception, it has completed and integrated 13 acquisitions, including theacquisition of 10, 000 business customers of Fizz Telecom Limited, which itacquired on 1 June 2006. AdEPT Telecom is listed on the Alternative InvestmentMarket ("AIM") under the ticker symbol ADT.L. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ADT.L