|
|
The NBN agreement follows Anittel's recent acquisition of regional reseller Future Townsville. Anittel provides voice, data, mobility, PBX, IP telephony, IT and hosted services and says it is "expanding through organic growth and targeted acquisitions to offer scale, geographic reach and expertise for existing and prospective customers in this under-serviced market space."
Anittel was formed in early 2010 through the combination of ASX listed Hostech, PKBA - the company set up by Kazacos in 2009 after he had sold his former IT company, Kaz to Telstra - and three small regional IT services companies: Accord Technologies, Axxis and Aspirence.
Following completion of the merger announced its regional SME focus. At that time it had some 270 staff and 15 offices around Australia. However its strategy did not plan out as expected and the company failed to meet published guidance.
For the year to 30 June 2011 it reported an after tax loss of $19.9m on revenues of $59.6m (up from $21.5m in FY10) after a $16.1m goodwill writedown. EBITDA was a loss of $1.9m. The company said that, in FY12 it expected to achieve a positive EBITDA on a small growth in revenue.
"During this period of consolidation, the business will be focused upon gearing for a telecommunications-led expansion into regional Australia and small/medium organisations'¦[and] on further developing [our] product offerings around integrated telecommunications and IT services, including 'cloud' based solutions," it said.
It also flagged significant geographic expansion, saying: "Whilst the company currently operates in 16 locations across Australia, the opportunity exists to provide an efficient and seamless telecommunications and IT service across approximately 30 other regional areas."
|
You can read more stories on telecommunications in our newsletter ExchangeDaily, click here to sign up for a free trial... |
