The following news regarding Quadtel's signing a Preferred Supplier Agreement with Australia's second largest broadband ISPs, iPrimus, was released to the market today.
QUADTEL SECURES PREFERRED SUPPLIER AGREEMENT WITH iPRIMUS FOR ADSL MODEMS IN $1.5 MILLION REVENUE BOOST
“Quadtel secures crucial agreement with iPrimus, Australia’s second largest provider of xDSL services.”
Sydney 16th May: Quadtel Limited (ASX & CDNX: QTL) today announced that the company has formed an agreement to be the preferred supplier to leading ISP iPrimus for the supply of ADSL modems. iPrimus is Australia’s third largest ISP with over 385,000 customers and is also the country’s second largest provider of xDSL services.
“This agreement extends and consolidates a valuable relationship with a very successful ISP,” Rodney Orrock Chief Executive Officer Quadtel Limited said today. “We have worked with iPrimus to introduce the innovative “Broadband in a Box” mass retail product into Australia’s largest retailer, Harvey Norman. With Quadtel’s extensive vendor partnerships, we can offer iPrimus the best of breed quality ADSL equipment available and more importantly we can provide choice. I should add that every modem that sells in the Broadband in a Box product offered by iPrimus in Harvey Norman has been supplied initially by Quadtel.”
Under the terms of the agreement Quadtel will be the recognized preferred supplier of choice to iPrimus for their ADSL modem requirements needed to support their fast growing Broadband Division. The agreement is expected to add over $1.5 million in revenue to QTL for the coming financial year given existing supply run rates.
Ash Chopra, General Manager for iPrimus said today he believed the expanded partnership with Quadtel was mutually beneficial to both parties.
“Quadtel is an established, proven and experienced supplier / distribution organisation. They have already brokered an important partnership between iPrimus and Harvey Norman and this new agreement is further recognition of the considerable value that QTL has delivered iPrimus over the last year,” Mr. Chopra said.
“Coming on top of Primus Telecom’s recent strong financial performance and penetration of the Broadband market, iPrimus believes their partnership with Quadtel will deliver not only high quality service but best of breed product choice and importantly, added value.”
Rodney Orrock said that apart from the expected $1.5million boost to Quadtel ’s FY 2002/2003 sales, the iPrimus deal reinforces Quadtel’s position as the leading end to end distribution company in Australia.
“The challenge now is to maintain that position and continue our impressive growth,” Orrock said. “However important deals such as this with iPrimus, following so quickly on our recent expansion into the cable modem market with Motorola, plus the exciting developments in China we recently reported lead me to predict with confidence that we are on track to match our current growth well into the new financial year.”
For Further Information contact: Denis Orrock – 8852 4600
ABOUT QUADTEL Sydney-based Quadtel Limited is a leading distributor of broadband products and services to the corporate, government and SME sectors. Through the company’s fully-owned subsidiary Marketing Results Pty Ltd, Quadtel is also Australia’s leading distributor of home and business technology products to the retail and mass merchandise markets.
With a focus on best-of-breed product lines, Quadtel has formed distribution relationships with world?leading vendors including Alcatel, D-Link, Network Associates, Intuit, Symantec, ACCO, Motorola, and Maxtor. Quadtel is listed on the Australian Stock Exchange (ASX: QTL) and the Canadian Venture Exchange (CDNX: QTL) and has offices in Australia and equity investments in Mainland China. For more information visit www.quadtel.com or phone Quadtel’ s head office in Sydney on +61 2 8852 4600.
ABOUT iPRIMUS iPrimus is the 100% owned Internet and Data Subsidiary of PRIMUS Telecommunications Group, Incorporated (NASDAQ: PRTL) a global facilities-based Total Service Provider offering bundled voice, data, Internet, digital subscriber line (DSL), Web hosting, enhanced application, virtual private network (VPN), and other value-added services.
The Company owns and operates an extensive global backbone network of owned and leased transmission facilities, including over 300 IP points-of-presence (POPs) throughout the world, ownership interests in over 23 undersea fiber optic cable systems, 21 international gateway and domestic switches, a satellite earth station and a variety of operating relationships that allow the Company to deliver traffic worldwide.
PRIMUS has been expanding its e-commerce and Internet capabilities with the deployment of a global state-of-the-art broadband fiber optic ATM+IP network. Founded in 1994 and based in McLean, VA, the Company serves corporate, small- and medium-sized businesses, residential and data, ISP and telecommunication carrier customers primarily located in the North America, Europe and Asia-Pacific regions of the world. News and information are available at the Company's Web site at www.primustel.com
QTL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held