PR Newswire/Les Echos/
Rationalisation of store network in Portugal
Marseilles, 9 November 2012. The Avenir Telecom Group, a leading distributor
of telecommunication products and services and a preferred partner of telecom
manufacturers and operators, announces the signature of a sale agreement
relating to its 38 Ensitel stores in Portugal to The Phone House, subsidiary
of the Best Buy Europe Group. This operation is part of Avenir Telecom Group's
strategy of rationalising its store network across Europe.
The operation should be completed on 23 November 2012 once the conditions
precedent have been met. The Ensitel store network, with its 177 employees,
distributes the offers of telecom operators TMN, Vodafone and Optimus in
Portugal. Ensitel generated revenues of EUR14 million and had a negative
contribution to Avenir Telecom Group's operating income during the 2011-2012
The Avenir Telecom Group maintains its presence in Portugal via its indirect
distribution including the sale of accessories and the management of exclusive
TMN and Vodafone stores as in Spain, Romania and Bulgaria.
About Avenir Telecom
With revenues of almost EUR470 million and a gross margin of EUR129 million as
at 31 March 2012, the Avenir Telecom Group (ISIN: FR0000066052/ Reuters:
AVOM.LN / Bloomberg: A VT:FP) is one of the leading European distributors of
mobile telephony products and services. The Group partners with the leading
handset manufacturers and telecom operators in Europe, distributing their
mobile phones and subscription plans across all distribution channels
(Group-owned stores under the Internity brand, websites, food superstores,
specialist superstores, independent resellers and affiliated stores). The
Avenir Telecom Group also designs and distributes a comprehensive range of
accessories and multimedia products under licensed and owned brands. As at
31 March 2012, Avenir Telecom employed almost 2,300 people, mainly in France,
the UK, Spain, Romania, Portugal and Bulgaria.
Avenir Telecom is listed on NYSE EURONEXT - compartment C (Euronext Paris).
The Avenir Telecom share forms part of the following indices: CAC All Shares,
CAC Mid & Small, CAC Small, CAC All-Tradable, CAC T.Hard & Eq. and CAC
> Press and investor contacts
Agnès Tixier Tel.: +33488 00 63 21
Financial Director Fax: +33 4 88 00 60 30
Vincent Gouley Tel. : +33 6 74 79 61 87
> Press contact
Cyril Levy-Pey Tel.: +33 6 084641 41
Financial information is available at www.avenir-telecom.com
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-0- Nov/09/2012 09:36 GMT
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