AllTele increases 1Q turnover by 77% to USD27.8m on acquisitions

Swedish alternative telecoms operator AllTele has posted a 77% year-on-year increase in revenues to SEK199.5 million (USD27.8 million) in the three months to 31 March 2012, as its sales total was boosted by recent mergers. AllTele completed the consolidation of corporate-focused telco Ventelo Sweden in the first quarter of 2012, which contributed SEK74 million in revenues, while it also acquired the VoIP and broadband customer base of another operator, Blixtvik, in March 2011. AllTele also flagged up growth in corporate customers at another unit, mobile virtual network operator (MVNO) Spinbox, which it acquired in 2010

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OVETEL AllTele increases 1Q turnover by 77% to USD27.8m on acquisitions