Acotel to sell 100% of Noverca MVNA to Telecom Italia

Acotel, Noverca, MVNA, Telecom Italia Italy’s Acotel Group has announced a preliminary agreement to sell 100 percent of its interest in Italian Mobile Virtual Network Aggregator (MVNA) Noverca to Telecom Italia. The companies had previously reached a deal to transfer Noverca’s more than 170,000 MVNO customers to Telecom Italia back in January 2015. The latest…

Acotel narrows net loss to EUR 3.2 mln in Q3

Italy’s Acotel Group, a wireless services and network infrastructure provider, reported revenues of EUR 9.8 million in the third quarter, slightly down on the previous year’s EUR 10.4 million, while its net loss for the quarter narrowed to EUR 3.2 million compared to EUR 5.1 million in Q3 2014. Acotel added that during the quarter…

Acotel narrows net loss to EUR 3.2 mln in Q3

Italy’s Acotel Group, a wireless services and network infrastructure provider, reported revenues of EUR 9.8 million in the third quarter, Slightly down on the previous year’s EUR 10.4 million, while its net loss for the quarter narrowed to EUR 3.2 million compared to EUR 5.1 million in Q3 2014. Acotel added that during the quarter…

ACOTEL GROUP SpA: Board approves separate and consolidated financial statements for 2014

Consolidated results: Revenue approximately €69.8 million (€103.7 million in 2013) Negative EBITDA approximately €11.4 million (negative €3.9 million in 2013) Negative EBIT approximately €14.7 million (negative €9.3 million in 2013) Net loss €19.3 million (loss of €10.7 million in 2013) Net funds €23.1 million (€18.2 million in 2013) Today’s meeting of the Board of Directors…

Noverca to transfer 170,000 customers to Telecom Italia

Acotel has confirmed that its Noverca Italia mobile virtual network operator (MVNO) unit has agreed to transfer more than 170,000 customer accounts to network provider Telecom Italia Mobile (TIM). The agreement, which will allow Noverca to focus on its mobile virtual network aggregator (MVNA) business, brings an end to a tie-up that was first unveiled…

Italian MVNO Nòverca passes 170,000 customers to Telecom Italy

Italian MVNO Nòverca, a subsidiary of Acotel Group SpA, and Telecom Italy today signed an agreement for the transfer of +/- 170,000 consumer active customers to TIM. The agreement provides; starting next month February 2015 until May 2015, customers can port from Nòverca to TIM, while maintaining the current tariff profiles. Noverca will focus its…