TMCnet News
AMITELO TO ENTER UKRAINIAN, LATVIAN COMMUNICATIONS MARKETS(Interfax News Agency Via Thomson Dialog NewsEdge)KYIV. May 11 (Interfax) - The Swiss telecommunications group Amitelo AG intends to expand its presence in Eastern Europe and enter the Ukrainian and Latvian communications markets. "Latvia and Ukraine will link up to the joint network first," Amitelo said in a release distributed in relation to the purchase of the British telephone company Panacall Ltd. by Amitelo's German subsidiary Amitelo Deutschland GmbH. Amitelo made this purchase to expand its services, in particular IP- telephones, and strengthen its position on the markets of the Middle East and Asia, the release says. Amitelo is an innovative technology company that provides Internet telephone services (VoIP), Internet access (ADSL), call centers and billing systems. More than one million clients use the company's network per month, the company said. Gross income is forecast at 60.5 million euros in 2006 compared to 22.25 million euros in 2005, while net profit is expected to grow to 5.5 million euros from 990,000 euros. Panacall Ltd. expects sales of 3.17 million euros in 2006. |