Coms plc Commences Internet Telephony Sector Consolidation with the Acquisition of ExchangeXT :: Business Articles and Info

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Coms plc Commences Internet Telephony Sector Consolidation with the Acquisition of ExchangeXT
Added: 12/06/2006 Type: Summary Viewed: 97 time(s) [ Not Rated Yet ]

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Coms plc Commences Internet Telephony Sector Consolidation with the Acquisition of ExchangeXT

Coms plc, an internet telephony service provider, today acquired VoIP provider Exchange XT Limited to accelerate revenues, enhance the technology platform and strengthen its management team. This also marks the Company's first step of achieving its stated aim of consolidating the fragmented internet telephony sector.

Bringing the two Companies together will provide us with a leap forward in our business plan. David Cargill has an excellent track record of developing VoIP services, and will implement our technology roadmap, bringing low-cost internet telephony services to a mainstream audience

ExchangeXT owns an Ericsson telecom switch and provides VoIP services through its Superline brand directly to customers and indirectly through distributors such as the WiMax internet provider, So Broadband. The deal enables Coms to offer combined telecom and VoIP services, as well as increase Coms income and gross profit and will open new distribution opportunities with high street.

Ofcom states that only 3 per cent of UK consumers are taking daily advantage of low-cost VoIP calls. Coms, in addition to being able to issue numbers in all UK area codes, will now be able to transfer customers existing telephone number to their service. Coms believes that this will enable it to acquire more UK consumers, enter the SME market place and create innovative Web 2.0 communications services, having the overall effect of increasing the general usage of VoIP.

David Cargill, CTO of ExchangeXT, joins the Board of Coms and assumes responsibility for defining and delivering the Company's VoIP product road map including; video, pay-per-call advertising and integrated WiFi/GSM alternative mobile phone services.

"The time to consolidate the internet telephony sector is now," says Richard Bennett, Corporate Development Officer at Coms. "Voice is no longer a stand alone telecoms service, but an integrated feature of the internet that will monetise Web2.0 applications."

Jason Drummond, Executive Chairman, commented: "Bringing the two Companies together will provide us with a leap forward in our business plan. David Cargill has an excellent track record of developing VoIP services, and will implement our technology roadmap, bringing low-cost internet telephony services to a mainstream audience".

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