Update re: Turkish expansion
30 Mars 2006 - 2:06PM
UK Regulatory
RNS Number:6721A
Teleunit S.p.A
30 March 2006
Press Release 30 March 2006
Teleunit S.p.A.
("Teleunit S.p.A" or "the Company")
Update re: Turkish expansion
Teleunit S.p.A. ("Teleunit" or "the Company"), the provider of fixed line
telephony, wireless broadband, wholesale services, mobile content and premium
access numbers throughout Italy, announces the launch of its Turkish mobile
content operations.
On March 27th 2006, the Company's Turkish subsidiary, "Teleunit Iletisim
Hizmetleri ve Ticaret Sti" (Teleunit Telecommunications Services and Trading
Ltd), began advertising its mobile content services on a number of national
media channels under the brand name 'Dito Mito 3055' and, as a result, has
succeeded in acquiring its first customers.
In late February, the Company signed a partnership agreement with a leading
mobile operator in Turkey which gives Teleunit access to both their mobile
network and their customer base in exchange for a share of revenues generated by
the service. All technical solutions, from service connectivity to content
aggregation and provision, will be managed by The Content Zone Ltd. ("TCZ"),
Teleunit's exclusive UK-based partner. TCZ has recruited a new Turkish
coordinator to further cement the relationships with Teleunit's Turkish
partners.
Teleunit's experience in the mobile content market and its innovative
subscription-based business model, coupled with Turkey's demographics, make this
a market with significant growth potential for the Company.
Francesco Cimica, CEO of Teleunit SpA, commented:
"We believe we are in a position to become Turkey's leading provider of mobile
content services. Our expansion into Turkey represents Teleunit's first step
towards becoming a truly international company and we hope that success in this
new market will lay the ground for further international initiatives."
Notes to Editors:
About the Turkish market
Turkey is one of the largest countries in terms of population size and economy
in the Middle East and Central European regions. In October 2005, EU leaders
decided to commence accession negotiations and Turkey's EU membership is
expected to take place between 2010-2015.
Turkey's potential for growth is significant. Currently 12 million people
account for 55% of the country's GDP, and the labour force consists of 24.4
million people. The population is growing at a rate of 1.5% per annum and Turkey
is anticipated to have the largest population in Europe by 2014. Moreover 50% of
the population is under the age of 25, giving Teleunit the potential to exploit
a very large target market. An urban population of 69% further benefits Teleunit
in terms of focusing advertising and service provision. The mobile market in
Turkey is forecast to grow at a rate of 25% per annum.
For further information:
Teleunit S.p.A.
Francesco Cimica, Chief Executive Tel: +39 075 528 3921
Daniel Stewart
Tom Jenkins/Ruari McGirr Tel: +44 (0) 20 7776 6550
tom.jenkins@danielstewart.co.uk
Media enquiries:
Abchurch
Heather Salmond/Chris Lane Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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