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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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AdEPT Telecom Plc Announces Potential Acquisition-DJ

Friday, 26 Jul 2013 07:30am EDT 

Dow Jones reported that AdEPT Telecom Plc announced that it is in advanced discussions to acquire approximately 3,000 business customer contracts for an initial cash consideration of approximately GBP2 million. Further consideration of approximately GBP0.5 million in cash may be payable based upon performance of the contracts post-acquisition. It is anticipated that the transaction will be completed during the next few weeks but there can be no certainty that completion will occur. The total cash consideration would be funded out of AdEPT Telecom's existing bank facilities. 

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