Iceland's Skipti acquires Danish telecom and internet division of Ventelo  

2007.11.13
Skipti, the parent company of Iceland's largest telecompany Siminn, has acquired Ventelo Danmark, the Danish division of Norway's Ventelo, for an undisclosed sum
Skipti, the parent company of Iceland's largest telecompany Siminn, has acquired Ventelo Danmark, the Danish division of Norway's Ventelo, for an undisclosed sum. Ventelo is a telecom and internet firm specialising in business customers. Skipti ventured into the Danish market for business telephony a couple of months ago when the company acquired Denmark's BusinessPhone.
 
Brynjólfur Bjarnason, managing director of Skipti says: "Ventelo Danmark's activities fit well into Skipti's expansion policy."
 
Rasmus Helmich, managing director of Ventelo says: "I am delighted that I can continue as managing director and be involved in developing the business, based on the good achievements which Ventelo Danmark has delivered so far, both regarding telephony and data, with the focus on developing services for existing and new customers." Helmich also says he expects the firm will take on new staff when Skipti launches its expansion plan for the Danish market.  
 
Ventelo Danmark is based in Copenhagen and has approx. 6,000 customers. In 2006, the company generated revenues of DKK 74 m (USD 14.1 m). Ventelo supplies solutions in four main areas: telephony, internet access, hosting and server parking. The news was reported by ComputerWorld.

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