Mergers and Acquistions News
Categories: Telecoms
February 3rd 2011, 16:56PM
Flint Telecom, the Kansas, US-headquartered IP communications provider, says its pending and planned acquisitions will see it net $20 million (12.3 million) in additional voice over internet protocol (VoIP) revenues this year.
The firm says it is in "advanced discussions" to acquire several turnkey (i.e., that are ready to go) small and medium-enterprise VoIP providers in the US.
It says collected revenues from these acquisitions are expected to reach over $20 million in 2011.
Flint is eyeing an opportune time to stage expansion in the VoIP sector: market analyst Ovum expects fixed VoIP revenues in the US to be garnering close to nine billion every year by 2014.
"We anticipate acquiring in excess of 10 companies in our telecoms unit this year," Vincent Browne, Flint's chairman and chief executive said.
"The gross margins generated from these VoIP services range from 50 per cent to 75 per cent, which will further enhance our stated aims of improving overall gross margins and delivering sustainable operating profits."
Last year, Flint acquired Gotham Ingedigit and its parent company, Ingedigit International, both providers of debit card payment software.
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