QUADTEL TO ACQUIRE INTELLINK PTY LTD
Leading IT and Broadband products distributor Quadtel Limited
(ASX:QTL), today announced that the company has signed an agreement
for the acquisition of one of Australia's leading Voice and Data
services company Intellink Pty Ltd, subject to final due diligence
and warranty completion.
The acquisition will provide the following benefits to Quadtel:
* It will allow Quadtel to access Intellink's strong customer base
and reseller partners. This access will enable further cross selling
opportunities and broaden the existing distribution channel.
* Intellink have an expert understanding of the voice market and
combined with the knowledge QTL possess of the Data market, QTL will
be able to take forward a unique Voice/Data offering and fulfil a
number of vendor partners stated potential. The combined effect of
Intellink's voice/data expertise and Quadtel's large distribution
network, means the Company will be in a much stronger position to
exploit the rapid growth in the emerging voice/data convergence
market.
* QTL will now be able to offer a Quality Endorsed technical support
resource to our existing and future customers. QTL will immediately
utilise this infrastructure for existing vendor product agreements
and leverage it to attract new vendors and negotiate more favourable
terms and conditions.
* Intellink has proven skills the rapidly expanding broadband
microwave market and has an increasing number of quality maintenance
agreements in place with Government, Semi Government and major
enterprise organisations. This provides Quadtel with a recurring
revenue base and solid platform to build superior and sustainable
results for shareholders.
Intellink will turn over in excess of $5 million dollars in the
2002/03 financial year with significant growth expected over the
coming years. EBIT is forecast at 8-9%, and is expected to improve
year on year with savings from synergies between the two
organisations.
Quadtel believe that Intellink will supplement the existing
distribution business by offering a services arm to the group. The
wealth of expertise in the two organisations will provide a powerful
force in the emerging and lucrative broadband telecommunications
market. This coupled with the corporate expertise and management of
Quadtel Limited sets the scene for a very dynamic and exciting
future.
"Going forward, QTL are always looking for alternative sales channels
outside of the traditional areas. QTL believe that Intellink will
provide QTL the infrastructure and immediate opportunities to ensure
we are driving our products to their maximum potential. Intellink
will deliver QTL a ready made SME channel which QTL will further
expand over the coming years," said Rodney Orrock CEO of Quadtel
Limited.
Simon Hokin General Manager of Intellink said today the acquisition
presented an enormous opportunity for Intellink to grow from its
existing base. "Given the dominant position that Quadtel holds in the
Broadband market and their strong relationships in retail it is an
enormous opportunity for Intellink to grow from our existing base.
QTL will provide direction, Vendor opportunities and more importantly
a clearly defined structure for Intellink to teach its fall
potential. We are all very excited at the opportunity being presented
and look forward to the finalisation of contracts and becoming part
of the Quadtel group of companies and what we believe is a very
exciting corporate strategy."
Quadtel have placed 11,250,000 shares at $0.04 to fund the
acquisition through London Partners Pty Ltd.
For Further Information contact:
Denis Orrock - 8852 4600
For move information visit www.quadtel.com or phone Quadtel's head
office in Sydney on +61 2 8852 4600
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