Atlantic Telecom Grp - Re Equipment Orders, etc.
September 01 1998 - 6:11AM
UK Regulatory
RNS No 2885n
ATLANTIC TELECOM GROUP PLC
1st September 1998
ATLANTIC TELECOM GROUP PLC PLACES EQUIPMENT ORDERS
Atlantic Telecommunications Ltd ("ATL"), a wholly owned
subsidiary of Atlantic Telecom Group PLC, announces that
it has placed orders for customer equipment valued at
$9,636,249 US dollars (approximately #5.9M) with Innowave
Tadiran Telecommunications Wireless Systems Ltd
("Tadiran"), the Israeli telecommunications equipment
supplier. The equipment is due for delivery over a
period of five months commencing October 1998.
ATL also announces an order for network infrastructure
(base stations) equipment valued at $5,420,332 US dollars
(approximately #3.3M) with Tadiran. This equipment is
due for delivery over a period of four months beginning
November 1998 and allows ATL to continue to expand its
network coverage in Scotland.
ATL also announces that it has entered into a contract
with Nortel PLC, valued at #1.5M, for the provision of
switching equipment for its proposed network for the City
of Edinburgh.
Commenting on the transactions, Graham J Duncan,
Executive Chairman of Atlantic Telecom Group PLC stated,
"These new orders allow us to continue to expand rapidly
our networks and customer connections in Scotland and
follow on from the successful placing of new equity which
was completed on 10th August 1998."
Enquiries:
Graham J Duncan
Executive Chairman
Atlantic Telecom Group PLC
Tel: 01224 454000
(www.atlantic-telecom.co.uk)
END
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