Artilium PLC Acquisition of Digiweb Telecom (7185F)
May 22 2017 - 2:00AM
UK Regulatory
TIDMARTA
RNS Number : 7185F
Artilium PLC
22 May 2017
For immediate release 22 May 2017
Artilium plc
("Artilium" or the "Company")
Artilium acquires the customer base of Digiweb Telecom in
Belgium
Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of
innovative telecommunication software and solutions, is pleased to
announce the acquisition of the Belgian customer base of Digiweb
Telecom ("Digiweb") through its wholly-owned subsidiary United
Telecom NV ("United Telecom") for an undisclosed sum (the
"Acquisition").
Digiweb provides internet access, fixed line and mobile products
and services to residential and business customers. Digiweb was
established in 2001 and has grown both organically and through
acquisition to become one of Ireland's foremost telecoms companies.
In Belgium, Digiweb has acquired and consolidated residential and
SME customer bases from TalkTalk Belgium and Mondial Telecom within
its DT (Belgium) Bvba subsidiary.
The acquisition consists of approximately 8,000 customers and is
equivalent to EUR1m in revenue per year with an average 34% gross
margin. 80% of the revenue is derived from fixed line voice
services. The acquisition will also include all necessary equipment
alongside the customer contracts which will reside in United
Telecom.
The rationale for the Acquisition is as follows:
-- Creates scale in customer operations in terms of buying power and volume;
-- Increases margins on these customers as United Telecom has better buying conditions;
-- The customer base does not require additional human
resources, therefore creating immediate value.
Details of the Acquisition
Consideration for the Acquisition has been settled in cash and
through the issue of 1,601,315 new ordinary shares of 5 pence each
("Ordinary Shares") at a price of 6.69 pence per Ordinary Share
(the "Consideration Shares"), being the mid-market close price of
Artilium's Ordinary Shares on Wednesday 17 May, 2017.
Application will be made for the Consideration Shares to be
admitted to trading on AIM and admission is expected to take place
on Thursday 25(th) May 2017 ("Admission"). The Consideration Shares
will rank pari passu with the existing Ordinary Shares of the
Company. Following Admission, the total number of issued Ordinary
Shares in the Company will be 312,874,516 Ordinary Shares. This
figure may be used by shareholders of the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change to the
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Bart Weijermars, Chief Executive Officer of Artilium said:
"I am delighted by this opportunity to acquire such a
significant customer base from Digiweb.
This acquisition adds scale to our growing customer operations
in terms of buying power and volume without the need for additional
human resources, thereby creating immediate value."
-Ends-
For further information please contact:
About Artilium
+32 (0) 5023
Artilium PLC 0300
Bart Weijermars - Chief Executive
Officer
finnCap Ltd
Jonny Franklin-Adams / Scott Mathieson
(corporate finance) +44 (0) 207
Camille Gochez (corporate broking) 220 0500
+44 (0) 207
Buchanan 466 5000
Richard Darby / Jamie Hooper /
Catriona Flint
Notes to editors
Artilium is a demonstrated leader in the development of next
generation communication technologies. Artilium's strategy focuses
on supporting its customers to successfully grow their business by
providing flexible, cost effective and innovative solutions.
Artilium's innovation-driven strategy empowers telecom operators
around the globe to face the tremendous challenges ahead. We
combine next-generation technology with traditional telecom
environments to create exciting new business opportunities for our
customers. This ensures that our customers are able to keep up with
rapidly evolving market demands while simultaneously growing their
businesses.
ARTA(R) is the real-time Authentication, Authorization and
Accounting (AAA) software that brings a full suite of new
functionalities to telecom Operators and virtual Operators. Thanks
to ARTA(R) value-added services portfolio, including for instance
AAA of voice, text and data services, VoIP, 3G and 4G compliance,
mobile payments and location-based services, our partners are more
than ready to meet future customer needs.
Today, multiple renowned national and international
telecommunication companies rely on Artilium to deliver voice, text
and data services to approximately 1.5m end-users every day.
Artilium's "Pay-As-You-Grow" model allows us to scale our
solutions to the exact needs of our customers. As a latest
innovation, Artilium offers its product suite from the Cloud as a
PAAS (Platform-As-A-Service), yielding ARTA's scalability,
flexibility and proven stability.
Artilium PLC is a publicly listed software company on the London
Stock Exchange (LSE/AIM: ARTA).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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