AVENIR TELECOM (EPA:AVT) Repositioning in the United-Kingdom
Transparency directive : regulatory news
11/06/2014 17:46
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press releaseRepositioning in the United-Kingdom
Marseilles, 11 June 2014. Avenir Telecom Group, a key player in the design and
distribution of accessories and connected devices, announces it has sold its
UK sales of telecom subscription business to Chess Mobile Ltd., a wholly own
subsidiary of Chess Telecom Ltd. This activity generated revenues of EUR23.0
million during the 2013-2014 financial year.
The Avenir Telecom Group maintains its presence in the United-Kingdom via its
wholly own subsidiary Avenir Telecom UK. It will continue the sale of
multimedia and mobile accessories under the Energizer brand, connected devices
under the Beewi brand and smartphones under the YEZZ brand in the
United-Kingdom.
This operation is part of Avenir Telecom Group's strategy of repositioning in
the promising accessory, connected device and alternative smartphone markets.
About Avenir Telecom
With turnover of EUR285 million as at 31 March 2014, the Avenir Telecom Group
(ISIN: FR0000066052 / Reuters: AVOM.LN / Bloomberg: AVT:FP) is a key player in
the design and distribution of accessories and connected devices and is one of
the main European distributors of mobile telephony products and services. The
Avenir Telecom Group designs and distributes a comprehensive range of
accessories, connected devices and electronic cigarettes under licensed and own
brands. Avenir Telecom employs nearly 2,000 people, is present in more than 40
countries and generates more than half of its sales outside of France.
Avenir Telecom is listed on NYSE EURONEXT - compartment C (Euronext Paris). The
Avenir Telecom share is included in the CAC All Shares, CAC Mid & Small, CAC
Small, CAC All-Tradable, CAC T.Hard & Eq. and CAC Technology indices.
Press and investor contacts
Agnès Tixier Tel.: +33 4 88 00 63 21
Financial Director Fax: +33 4 88 00 60 30
E-mail: atixier@avenir-telecom.fr
Vincent Gouley Tel.: +33 1 47 64 78 20
Mob. : +33 6 74 79 61 87
E-mail: vincent.gouley@watchowah.com
All our financial information is available at www.avenir-telecom.com
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