Re Interconnect Agreement

RNS Number : 7404R

Pinnacle Telecom Group PLC

09 November 2011

 



09 November 2011

Pinnacle Telecom Group plc ("Pinnacle" or the "Company")

Global Interconnect Agreement

Pinnacle Telecom Group plc (AIM: PINN), the provider of cloud based technology solutions, is pleased to announce that the Company has entered into an agreement with CMC Networks ("CMC") for an interconnect into CMC's Global Fibre Network.

To strengthen the Company's capability in the provision of IP and cloud-based solutions for the broadcasting industry, Pinnacle has entered into an agreement that allows Pinnacle to interconnect into CMC's Global Fibre Network.

CMC, established in 1999 in South Africa, are recognised as a global leader in providing connectivity in hard to reach and "no go" zones. By combining the CMC interconnect with Pinnacle's data network, Pinnacle are now able to offer customers a direct interconnect to most capital cities across the world over fibre, but also including Vsat, SANet, MENet, AFNet and GLNet.

These interconnects can be set up for short or long durations - from a single day's event, or longer term events including long term connections. Pinnacle and CMC will interconnect from Telehouse in London and will be able to offer services and connections (including broadcast streams) to businesses and broadcasters on a world-wide basis.

Commenting on the agreement Alan J Bonner, Chief Executive Officer of Pinnacle, said: "Given our success with the BBC relating to short-term connectivity for various high profile events, of which we have completed around 120 for the BBC in 2011, and our success with international broadcasters for the delivery of the Royal wedding, we expect this agreement with CMC Networks for an interconnect into CMC's Global Fibre Network, to help us win additional contracts of this nature from international broadcasters through 2012."

Enquiries:

Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive	Tel: [phone]
Zeus Capital Limited
Ross Andrews/Paul Horrocks	Tel: [phone]
Rivington Street Corporate Finance Limited
Jon Levinson/Peter Greensmith	Tel: [phone]
All Company announcements can be found at:	www.pinnacletelecomgroup.co.uk

About Pinnacle

Pinnacle Telecom Group plc (AIM: PINN) is a value added, solutions based provider of integrated telecommunications services including IP solutions. It focuses on the SME market across the UK, where it provides a wide range of communications solutions including telecommunications calls, access and consultancy, IT support, mobile solutions - both voice and data and hosted broadband voice services.

Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Virgin Media and THUS. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP (and a founder member of Nominet), operating from its data centres in Glasgow, London and Brighton.

Pinnacle's strategy is to be a SME focused, value added, solutions based provider of next generation, cloud-based IP solutions, driven by leveraging organic opportunities as well as through targeted acquisitions. Pinnacle is seeking to acquire and grow businesses to bring together the four main elements of; traditional telephony, hosted cloud-based services, IT support and data centres. A particular target area is data centres, where the combination of recurring revenue and a platform to expand its hosted cloud-based services, would create a compelling earnings-enhancing proposition. A strategic acquisition in this area would potentially be transformational and as data centres are worldwide, it is widening the search parameters.

 

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