Tell takes over more mobile phone outlets

ETI, the subsidiary of publicly listed Tell, purchased over 60 sales outlets of Era mobile services from Solex. As the news broke, the share price of Tell increased yesterday morning to reach zł.71.45, but by the end of trade it fell to zł.64.45, which marked a fall of 1.6%.

Tell is currently the largest distributor of mobile services provided by the Orange network, and the acquisition allowed it to increase its sales points of Era services to 80.

The value of the transaction amounted to zł.10.7 million, which means that the value of each outlet was on average zł.157,000. "The price paid for this network, as calculated per outlet, is lower than in our previous transaction - the acquisition of Havo, the dealer of Orange," said Tell's president, Rafał Stempniewicz.

He added that this take over will allow the subsidiary to post a profit by the end of the year.

Sources: Parkiet, Puls Biznesu