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Telecom Plus - Squarely in the SME market

July 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TEP
Telecom Plus has announced the acquisition of  Sussex-based Telecommunications Manage-ment Ltd for a total £4.9m in cash (satisfiedby the repayment of inter-company liabilities to its parent Crane Telecom). Telecom Plus has also agreed to pay for certain tax losses within TML. TML provides fixed and mobile telephony servicesthrough a channel of resellers in the UK. Founded as part of Crane in1998, it is one of the few service providers in this market space withany critical mass. It has 6,500 SME customers and in the year to 30June 2001 generated sales of £13.4m.   TML now adds aninteresting second leg to Telecom Plus' business. The enlargedbusiness will benefit from better buying (Telecom Plus' virtualn ...

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