Atlantic Telecom Group ("Atlantic"), one of Europe's fastest growing telecommunications companies, has acquired a 65% equity stake in Telepartner Plus BV ("TPP"), the Netherlands based company developing DSL services.
This acquisition of TPP is significant for Atlantic, which focuses on serving the communications need for voice and data services of small and medium sized businesses, as it secures low cost entry to the Dutch telecommunications market through TPP. The Netherlands has become a highly attractive place for this acquisition since the deregulation of the telecoms market. Atlantic has the potential to offer value-added broadband services to over half a million Dutch SME customers.
ARC Associates ("ARC") were appointed as financial advisors by Atlantic to advise and assist on the acquisition of TPP. This included assisting on the key terms of the investment. Commenting, John Allen, the Chairman of ARC said: "This is a significant step for Atlantic and we are pleased to have assisted in this project."
TPP was formed in 1999 and has positioned itself to take advantage of local loop unbundling in the Netherlands. The company has agreements with KPN Telecom NV to install its DSL equipment into most of the available KPN exchanges around the world.
ARC Associates is a specialist investment banking and advisory firm to the telecommunications, media, technology, financial services and property sectors.
Contact:
John Allen, Chairman
ARC Associates
+ 44 (0) 20 7614 4000