Amitelo AG
Amitelo AG: AMITELO AG to become national telecom provider in Senegal
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Zurich, 16 October 2006. Telecommunications provider AMITELO is to be
awarded a license as Senegal’s third national telecom provider. As
announced at a press conference attended by representatives of the Ministry
for Telecommunications in the Senegalese capital Dakar last week, AMITELO
is soon to provide VoiceoverIP and broadband services nationwide.
A main focus of AMITELO’s business activities has always been to provide
telephony and internet services to undersupplied regions. In keeping with
this policy the company has concentrated on southern Europe as well as
northern and western Africa. Alongside Togo and Mali, AMITELO is now also
active in Senegal, one of Africa’s model countries. It has a population of
around 12 million and is governed by President Abdoulaye Wade, a national
leader with a modern vision for Senegal who welcomes foreign investment.
With its workforce of around five million, Senegal generates a Gross
National Product of more than USD 1.6 billion. In 2005 there were fewer
than 300,000 fixed lines installed throughout the country, and each town
has a waiting list of customers who have been waiting for months and in
some cases years for their own phone line, so clearly the market has a huge
potential.
AMITELO is to network a total of more than 13,000 villages with WLAN- and
VoIP technology, where it will offer not only telephony but also broadband
services at a competitive price. The company is thus making a major
contribution towards bridging the digital divide, one of the key objectives
set out by President Wade.
AMITELO firmly believes in the importance of the African market and is
looking to develop a growth market with a huge sales potential in the
millions, which could easily run into double figures.
About AMITELO AG:
AMITELO AG (www.amitelo.ag), with registered office in Zürich, is an
internationally operating and innovative technology enterprise that is
active in the strong growth areas of the telecommunications sector such as
VoIP, Sky-DSL, ADSL, Billing, Call Centres.
The focus of its entrepreneurial activity is on internet telephony (VoIP)
and other telecommunication technologies for operation in various regions
in Europe, Africa and South America. New global markets are expected to be
tapped in the near future. AMITELO AG is pursuing an offensive strategy of
growth in which organic and inorganic growth are very closely linked as a
means of achieving the planned sales and revenue targets.
Capital Communication AG
Andreas Duffé
Poststrasse 3
CH-8053 Zurich, Switzerland
Tel. +41 43 888 70 00
Fax +41 43 888 70 09
E-mail investors@capital-communication.ag
(c)DGAP 16.10.2006
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