AdEPT Telecom Announcement

After a series of positive financial statements over the last 12 months Ian Fishwick CEO, AdEPT Telecom plc commented on their recent announcement to the Stock Exchange:

“We are very pleased to report that underlying EBITDA and Profit Before Tax are well ahead of analyst’s expectations and revenue is as expected for the year to 31st March 2013. We have reduced debt by another £2m in the year and at £3.3m it is now less than one years’ EBITDA.

On future financial growth Fishwick said “EBITDA is expected to be in line with last year.”

AdEPT made an important acquisition last year of Expanse Communications, when asked about this deal and how the integration process went Ian commented “Our acquisition of Expanse Communications Limited is now completely integrated into the business. We are constantly looking for potential acquisitions in the fixed line and data connectivity sectors and if you have a business up for sale then please get in contact.”

When asked about their strategy going forwards Fishwick stated “Our push towards larger customers will continue and we see data connectivity and networks as key to that strategy.”

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David Dungay

Editor - Comms Business Magazine
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