Call Sales

On 0800 112 4000
Business Solutions

Trading Update Mar 07

RNS Number:7310V

AdEPT Telecom plc
30 April 2007

AdEPT a leading independent provider of telecommunications services for landline calls, line rental, and broadband, announces a trading update post its financial year end on 31 March 2007.

For the 12 months to 31 March 2007, the Company expects total revenues and EBITDA to be ahead of expectations and Profits before Tax to be well ahead.

AdEPT remains in a good position to continue to act as a consolidator of the highly fragmented fixed line reseller market, which is estimated to contain almost 1,000 small service providers. There therefore remains considerable scope for AdEPT to grow organically and through acquisition, and the current pipeline of acquisitions remains strong. The Company continues to target fixed line resellers as well as opportunities in the broadband and mobile space.

During 2006, the telecommunications sector experienced a period of increased competition particularly as a result of free broadband offers and packaging of fixed line with mobile. AdEPT has responded with the launch of a national business grade broadband offering with speeds of up to 8mb (or in some cases up to 24mb dependent on network availability).

The market environment has improved from last year and this, together with a greater focus on customer service has led to a decrease in the level of customer churn. From August to March customer churn has reduced by 1/3.

AdEPT looks forward to further updating the market at the time of preliminary results for the year ended 31 March 2007, in early July 2007.

Roger Wilson, Chairman of AdEPT, said, “Our product offering is broadening from our core focus on fixed line with our successful broadband offer and we are looking at opportunities in the mobile sector. Discussions are continuing with a number of potential acquisition targets which we believe could be successfully incorporated within the AdEPT business model and generate significant shareholder value. Taken together AdEPT is in a good position to continue to expand.”