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Acquisition of trade and assets

AdEPT Telecom plc

(“AdEPT Telecom” or the “Company”)

 Acquisition of certain trade and assets from Bluebell Telecom Limited

Please click here to read the full RNS announcement

Further to the announcement on 26 July 2013, the Board of AdEPT Telecom, one of the UK’s leading independent providers of voice and data telecommunications solutions, is pleased to announce that it has signed an agreement to acquire approximately 3,000 business customer contracts from Bluebell Telecom Limited (“Bluebell”) for an initial cash consideration of approximately £2m. Further consideration of approximately £0.5m may be payable dependent upon performance of the contracts post-acquisition.

The business customers acquired from Bluebell complement the AdEPT Telecom portfolio as they are all UK based fixed-line telecom business customers taking communications products including lines, calls, data connectivity, inbound-telephony and maintenance services.  Management of the contracts will be transferred to AdEPT telecom’s office in Tunbridge Wells, Kent during August 2013.

Based on the recent management accounting information, annualised revenue and EBITDA attributed to the contracts being acquired is anticipated to be approximately £1.8 million and £0.6 million respectively.

The total consideration will be funded out of AdEPT Telecom’s existing bank facilities.

For further information on AdEPT Telecom please visit or contact:

AdEPT Telecom Plc

Roger Wilson, Chairman                                                                               07786 111 535

Ian Fishwick, Chief Executive                                                                      01892 550 225

John Swaite, Finance Director                                                                     01892 550 243


Northland Capital Partners Limited

Edward Hutton/Lauren Kettle                                                                        020 7796 8800

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK’s leading independent providers of voice and data telecommunications solutions.  The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, VoIP and data connectivity products.  AdEPT’s tailored services are used by thousands of businesses and residential customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT, Cable & Wireless and TalkTalk Business. The Company employs 48 members of staff at its offices in Tunbridge Wells, Kent.

AdEPT Telecom is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: