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. The group’s consolidated EBITDA more than doubled to SEK15.5 million in Q1 2012, up from SEK6.5 million a year earlier, and its net loss narrowed to SEK500,000 from SEK900,000 in 1Q11. TeleGeography’s GlobalComms Database notes that AllTele was formed in 2002 and serves the IP telephony, fixed broadband, traditional fixed line and mobile internet segments; it began as a pure IP operator over regional city networks but has grown via numerous acquisitions of small Swedish telcos, while reselling both CDMA2000- and HSPA-based mobile broadband packages. In July 2011 AllTele agreed to buy Ventelo Sweden in a deal which involved the latter taking part-ownership in AllTele.