Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


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.

Ends.


Publisher Contact Information:

Avantimobile
+44 870 111 8050
tony@avantimobile.com

Company profile of Avantimobile
Past press releases of Avantimobile.

Data


26,140
Tech investments
From our Online Data Service
16,888
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Sep 13N/AEnergy related
Sep 13€12.6MConsumer electronics
Sep 12€39.0MBiopharmaceuticals
Sep 12N/AKnowledge management
Sep 12€2.3MInternet commerce
Sep 12€2.1MInternet services
Sep 12€4.0MMedical devices

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.