Emblaze Mobile is in talks with European Telecom about a distribution deal to sell its handsets into retail channels on the continent, as it gears up for several post-Christmas launches in the UK.
Emblaze Mobile CEO Laurence Alexander said: "We have held discussions with European Telecom about helping us in the distribution channel into continental Europe. We are in talks with other distributors in other markets as well. We already have a distribution deal for the UK with 20:20 Logistics, and that is exclusive."
European Telecom managing director John Drinkwater said: "The conversation we have had with Emblaze is about supporting it on the continent. I can't say more than that because the deal hasn't been finalised."
Both Alexander and Drinkwater denied reports last week that Emblaze was about to acquire European Telecom.
"I am deeply upset and frustrated at these reports," said Alexander. "20: 20 has an exclusive deal with distribution to the UK market. We will always consider merger and acquisition activity, but talks with European Telecom have had nothing to do with any acquisition."
Drinkwater said: "People have put two and two together and made five. Of course, the members of our board are businessmen and would consider offers if they valued the business at the right price. If someone valued the business at £200 million, then the offer would have to be looked at."
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