Amsterdam, December 9, 1997:
In an agreement signed on November 27th 1997, EUnet International, Europe's
leading provider of Internet services, further expanded its international
presence by taking a majority stake in Data Telecom AS of Estonia. The
move is a continuation of EUnet's plans to expand its size and influence
through mergers, acquisitions and start-ups.
Data Telecom AS is Estonia's leading Internet Service Provider and has
annual sales, mainly of TCP/IP network services to Estonian customers, of
11 million EEK (US$ 771,500) and was profitable over the last year. It
recently launched a satellite channel between Tallinn, Estonia and
Amsterdam, the Netherlands, which runs parallel to it's terrestrial
network, as well as an international roaming service for all EUnet
customers in Estonia. It will trade as EUnet Estonia, a name it has used
since it began offering EUnet services as an EUnet franchisee in 1995.
Strong Alliance
Founder of Data Telecom AS, Mr. Neeme Takis, who remains President of EUnet
Estonia, comments: "Being a subsidiary of a leading international Internet
Provider will offer our company many advantages. It will further enhance
our standing when acquiring new corporate accounts ,enable us to provide
turnkey solutions, as well as giving us access to the great resource of
knowledge and experience within the EUnet International group."
Further Expansion
The Managing Director of EUnet International, Mr. Wim Vink, sees the
acquisition as a significant further step in his company's long-term plan
to expand within Europe, particularly Eastwards. "We are very pleased to
welcome EUnet Estonia to EUnet International.. Data Telekom is already
today one of the leading providers of Internet professional solutions to
the business community in Estonia. As an EUnet Franchisee Company Data
Telekom contributed in the past to the professional image of the EUnet name
and services in Estonia. and will strongly contribute to the quick
development of EUnet Estonia and of the Internet in Estonia "
About EUnet
Established in 1982 and the first European provider of services for
business use, EUnet was instrumental in creating Europe's Internet
infrastructure. Today, the EUnet group comprises EUnet International and
affiliated companies, who use the EUnet brand name courtesy of franchise or
affiliation agreements
EUnet International provides one-stop shopping for corporate Internet
access in Europe with a network of 42 countries and over 500 PoPs (Points
of Presence). Via its transit-free backbone, EUnet International offers the
business community a wide range of turnkey solutions from full-service
centrally managed connectivity and Intranets to mobile access, Webcasting,
Web Storefromt and Electronic Commerce solutions.
EUnet International companies 11/97
EUnet Austria
EUnet Belgium
EUnet Czech Republic
EUnet Estonia
EUnet Finland
EUnet France
EUnet Luxembourg
EUnet Norway
EUnet Portugal
EUnet Romania
EUnet Spain
EUnet Sweden
EUnet Switzerland
For more information contact:
Helen Miller
Press Relations
EUnet International
Telephone +31 (0)20-350 53 33
E-mail: Media@eu.net
