6 acquisitions and in profit results mid july.dyor

SpiriTel wins hotel group business
MoneyAM
Business communications service provider SpiriTel has announced a major network contract with a leading international hotel group, expected to generate 600,000 of revenue.

The two-year deal will see SpiriTel replace BT as the provider of the customer's private UK voice service. A three-year maintenance agreement has also been renewed, expected to generate more than 2 million.

SpiriTel CEO Alastair Mills, 'Following the renewal of their maintenance contract, we were delighted to be awarded a major contract to replace a BT service for this customer, one of our existing global hotel customers.

'This is another significant cross-sell for the group, delivering on one of our key strategic objectives. In addition, the deals increase the level of earnings visibility and cash generation in the group.

'We are operating in a particularly challenging economic environment. However, we expect this to create ongoing opportunities for SpiriTel as customers assess cost-saving opportunities more closely.'

Another good contract win...this company is going from strength to strength...let's hope the sp does as well!


29 January 2009

SPIRITEL PLC

('SpiriTel' or 'the Company')




CONTRACT WIN




SPIRITEL WINS 1 MILLION NETWORK SERVICES AND VOIP CONTRACT




SpiriTel Plc, (AIM:STP), the business communications service provider, is pleased to announce that it has won a network services and hosted VoIP contract with a major European hotel group. The three year contract, the value of which is expected to exceed 1 million, is SpiriTel's second significant cross sale contract win this month. Under the terms of the agreement SpiriTel will provide integrated network services across all of the group's UK estate of 21 hotels and its head office. The hosted VoIP solution is a managed service which includes the provision of teleworking facilities for field based staff.




This contract win is further evidence of SpiriTel's ability to drive organic growth by cross-selling the Company's expanded product range covering fixed, mobile, data and networking services. Earlier this month, the Company signed an agreement with another international hotel group, under which SpiriTel replaced BT as the provider of a private UK voice network, and this takes the total value of cross sales orders since the Company's April 2008 year end to over 3 million. In addition, the three year term of these recent contract wins contributes to the Company's strategic goal of increasing future earnings visibility.




Commenting on the contract win, Alastair Mills, CEO of SpiriTel said: 'I am delighted to have secured another significant contract win for SpiriTel which provides further evidence of the viability of our integrated model in a challenging economic climate. SpiriTel has a proven track record of providing innovative and cost effective solutions and our customers are increasingly looking to us to help deliver cost savings. We believe the Company is well placed to win further market share.'

Interest picked up here today

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