Teltran International
announced Tuesday that it has now fully acquired Internet Protocols Ltd.
(IPL), an emerging service provider targeting ISPs in the UK.
Teltran said it had paid approximately $17 million in a combination
of cash and stock for the UK company.
IPL operates the state-of-the-art facilities known as the "London Switch,"
together with similar facilities in Manchester. It has established
commercial relationships with over 20 ISPs, virtual ISPs and leading
charities, providing co-location facilities management, scalable Internet
connectivity, and other Internet services.
"The acquisition of IPL further expands Teltran's position as one of the
most rapidly growing providers of basic and value added Internet and
related telecommunication services in Europe and other key markets,"
said James Tubbs, chief operating officer of Teltran.
"We will immediately capitalise on IPL's technical expertise and
established relationships, specifically in the aggregation and
delivery of content, and other value added services to our expanding
base of customers throughout the UK and Europe."
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Teltran is a global facilities-based common carrier which offers
voice and fax over IP, domestic and international long distance
calling, web portal and hosting, IVR applications, fax broadcast
services and ISP services.
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Speaking for IPL, Sol Saad, a founder and director of the company,
said that joining Teltran was an important part of IPL's expansion
in the UK and continental Europe.
"As a Teltran subsidiary, we are looking forward to substantial
revenue growth during the year 2000 and beyond," said Saad.
Teltran says it is in discussions with other companies with a
view to making further strategic acquisitions to expand its
telecoms and Internet business.
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