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17 – Expanse Communications

May 2012 – AdEPT Telecom acquires certain trade and assets of the fixed line telecom customer base from Expanse (UK) Communications Limited.

AdEPT purchased around 400 small and medium sized business customersfrom Expanse (UK) Communications in May 2012.  The acquisition is AdEPT’s 17th acquisition and represents a return to the consolidation of the fixed line telecommunications market following a period of delevergaing after the Telecom Direct Limited acquisition.  The Expanse (UK) Communications Limited customer base closely matches the profile of the existing AdEPT customer base and product portfolio and is expected to provide additional shareholder value.