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Avantimobile plans for £2.95 million investment for global expansion
London, UK 24th February 2006

Avantimobile plans for £2.95 million investment for global expansion

Avantimobile, the UK-based provider of low-cost mobile VoIP calls, has appointed Citicourt & Co, as financial advisors, for their plans to seek inward investment of approximately £2.95 million to support their expansion plans in Europe and globally.

Avantimobile, initially launched in the UK at the end of 2005, provides easy access to low-cost calls for most types of mobile phones on all of the major UK mobile networks. Customers register for Avantimobile via the company’s website, download a small application to their mobile phone and can then save up to 85% on many of the more expensive calls, currently charged for by the existing mobile networks. Registered customers of Avantimobile, can then use their existing mobile phones, don’t have to change network contracts or mobile number and there are no monthly fees payable to Avantimobile.

Avantimobile Managing Director, Tony Lloyd-Weston, ”Since our UK launch in late 2005, in addition to our UK sales and marketing activity, we have had a number of very serious international enquiries from prospective distribution partners and we feel that the timing of this investment couldn’t be better to assist us in our expansion plans. There is now a greater demand for the reduction of mobile call costs and Avantimobile provides an immediate solution for many mobile phone users.”

Heading up Citicourt & Co is Chartered Accountant, Simon Bennett, who has over 20 years of investment banking experience, having previously worked at Citigroup and Credit Lyonnais Securities. The investment project will be managed by, Director of Corporate Finance for Citicourt Jodi Littlepage, who is also a former Director of Corporate Finance at Baker Tilly.

This week has also seen confirmation that Avantimobile has acquired VoIP switch services provider, Clarendon Communications, forming a strategic development in the convergence of mobile and VoIP services.


Publisher Contact Information:

+44 870 111 8050

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