Brief: Acotel Group completes agreement for sale of Noverca

Softlab SpA

31/10/2016 09:39

Oct 31 (Reuters) - Acotel Group SpA  ACO.MI : 
    * Said on Friday that it signed an agreement with Telecom 
Italia  TLIT.MI  for the sale of its 100 percent interest in 
Noverca Srl 
    * Says Noverca is the sole mobile virtual network aggregator 
currently present on the Italian market 
    * The transaction has been concluded at a price based on an 
enterprise value of 4.5 million euros ($4.93 million) 
    * This will be adjusted by the value of the target company's 
net debt at Oct. 31, provisionally valued at about 0.2 million 
euros 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA282a3 
     
 Further company coverage:  ACO.MI   
    
 
 
 
($1 = 0.9131 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))