Released: 29/01/2009
com:20090129:Rnsc4206M
.
RNS Number : 4206M
Spiritel PLC
29 January 2009
29 January 2009
SPIRITEL PLC
("SpiriTel" or "the Company")
CONTRACT WIN
SPIRITEL WINS £1 MILLION NETWORK SERVICES AND VOIP CONTRACT
SpiriTel Plc, (AIM:STP), the business communications service provider, is
pleased to announce that it has won a network services and hosted VoIP contract
with a major European hotel group. The three year contract, the value of which
is expected to exceed £1 million, is SpiriTel's second significant cross sale
contract win this month. Under the terms of the agreement SpiriTel will provide
integrated network services across all of the group's UK estate of 21 hotels and
its head office. The hosted VoIP solution is a managed service which includes
the provision of teleworking facilities for field based staff.
This contract win is further evidence of SpiriTel's ability to drive organic
growth by cross-selling the Company's expanded product range covering fixed,
mobile, data and networking services. Earlier this month, the Company signed an
agreement with another international hotel group, under which SpiriTel replaced
BT as the provider of a private UK voice network, and this takes the total value
of cross sales orders since the Company's April 2008 year end to over £3
million. In addition, the three year term of these recent contract wins
contributes to the Company's strategic goal of increasing future earnings
visibility.
Commenting on the contract win, Alastair Mills, CEO of SpiriTel said: "I am
delighted to have secured another significant contract win for SpiriTel which
provides further evidence of the viability of our integrated model in a
challenging economic climate. SpiriTel has a proven track record of providing
innovative and cost effective solutions and our customers are increasingly
looking to us to help deliver cost savings. We believe the Company is well
placed to win further market share."
For further information please visit www.spiritelplc.com or contact:
SpiriTel plc Tavistock Communications FinnCap
Alastair Mills Simon Hudson Geoff Nash
Chief Executive Duncan McCormick Marc Young
Tel: 020 7160 0100 Tel: 020 7920 3150 Tel: 020 7600 1658
Notes to Editors
SpiriTel is a business communications group which is taking advantage of the
opportunities created by rapidly changing telecoms markets in the UK as the
migration to Internet Protocol (IP) based services accelerates. The Group is a
consolidator of the highly fragmented UK telecoms reseller market and is
building a substantial customer base and scale through selective
earnings-enhancing acquisitions. We are organised into two divisions, SpiriTel
Technologies - focused on our infrastructure and IP products and services - and
SpiriTel Business, which provides our fully integrated range of voice and data
services direct to business customers.
Today, the Group offers a broad range of voice and data communications products
and services to a customer base of small and medium sized enterprises and an
increasing number of larger national and international organisations. We are a
recognised leader in the provision of new, but proven, Voice over IP (VoIP)
solutions that are firmly based on the old-fashioned service values, which run
throughout the Group.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTILFITLFITFIA