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Reltel Private Placement On Offer.hurry Now To Get Your Own Slot by Mugabe(m): 9:07am On May 28, 2008 |
RELTEL WIRELESS PRIVATE PLACEMENT!!! BREIF HISTORY Reltel wireless was incorporated on August 25, 1998 to provide fixed wireless telephone services in Nigeria. The company commenced commercial operations in December 2001 under a nationwide license on the 1900MHz frequency band. The license was granted in 1999. SERVICES Reltel wireless in 2007 successfully applied for the United Access Services license enabling it to provide a bouquet of telecommunication services including: • Full National Mobility • Broadband Internet Connectivity • Internet Services at the consumer level • Short Message Services • International Calling and Roaming Services • Several other value-added services AWARDS • Best Telephone Company,2002(NITTA) • Best Telephone Company,2003(NITTA) • Most Customer Friendly Telephone,2004(Fame’s Achievers Award) • Fastest Growing Telephone Company in CDMA Category,2005 • Best Telephone Company,2006(NITTA) • Best Telephone Company,2007(Lagos State Enterprise Awards) • Best ICT Company,2008(Thisday Awards) • Best Telephone Company,2008(Titans of Technology Award) BOARD OF DIRECTORS AND MANAGEMENT • Chief(Sir) Annie Okonkwo Founding Chairman • Mr. Kenneth Aigbinode Executive Vice Chairman • Mr. Tony Okonkwo Group Managing Director • Mr. A.V.M. Umenwaliri Director • Dr. Tom Adaba Director • Mrs. Chinyere Okonkwo. Director ONGOING NETWORK EXPANSION The current contracts signed with Huawei, with 80% vendor financing, involves expansion of switching access capacity from an existing 660,000 to 2.5 million lines. Completion of this project will make Reltel Wireless the largest CDMA operator in Nigeria. SUMMARY OF PRVATE PLACEMENT FACTS. • ISSUER Reliance Telecommunications Limited • ISSUING HOUSE Future View Financial Services Limited • SERCURITIES ON OFFER 1,635,732,667 Ordinary Shares of 50k Each • SHARE CAPITAL Authorized: 10,000,000,000 Ordinary Shares of 50K Each Issued and fully paid: 4,907,198,000 Shares of 50K Each Now Being Offered: 1,635,732,667 Ordinary Shares of 50K Each • MODE OF OFFER Private Placement. • PURPOSE OF THE ISSUE (1) Purchase and deployment of additional Base stations for expansion (2) Transmission/Backbone (3) Re-branding as a national mobile operator (4) Purchase of Handsets and internet cards Expected massive growth in subscription. (5) Working Capital. • PLACEMENT PRICE =N= 16.50K Per share • POSSIBLE LISTING PRICE =N= 24.00K • PERIOD OF LISTING 90 Days from the end of placement • UNITS OF SALE Minimum of 1,000,000 Ordinary Shares and In multiples of 50,000 thereafter. • PAYMENT In full on application • STATUS The shares being offered rank pari passu With the existing issued ordinary shares Of Reliance Telecommunications Limited • EXCESS ALLOTMENT In the event of over-subscription, necessary Approvals may be obtained to capitalize part Or all the excess subscription. PROJECTED FINANCIAL INFORMATION- DECEMBER YEAR END Millions =N= 2008 2009 2010 2011 Revenue 42,737 78,316 106,089 13,454 EBITDA 9,179 17,755 32,472 39,062 EBIT 5,504 12,598 24,757 29,241 Profit After Tax 4,693 7,850 16,489 19,782 NOTE: Please note that an authentic enquiry made by us reveals the fact that this company will be doing a public offer in about 180days from listing at $1.00/Ordinary share. |
Re: Reltel Private Placement On Offer.hurry Now To Get Your Own Slot by Mugabe(m): 9:09am On May 28, 2008 |
PLAESE CONTACT PATRICK@MAVEN ON 08020748220 OR 07025290133 OR patrick4u2006@yahoo.com for RELTEL FURTHER ENQUIRIES |
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