- Adamant Global Holding (ADMT) has signed a letter of intent to acquire a 51 per cent stake in Europronet
- Europronet is a licensed carrier operator and internet service provider with a strong presence throughout the Balkans region of southeastern Europe
- The transaction, scheduled to be completed in 60 days, will allow Adamant to expand its telecommunications business in the Balkans region
- Adamant is a Canadian company offering solutions in the wholesale telecom and fintech sectors
- Adamant owns Oktacom Inc, a licensed global telecom carrier and Brilliance LTD, a cloud-based mobile service company
- Adamant Holding Inc. (ADMT) opened trading at C$0.03
Adamant Global Holding (ADMT) has signed a letter of intent to acquire a 51 per cent stake in Europronet.
The transaction is scheduled to be completed in 60 days.
Europronet is a licensed carrier operator and internet service provider located in Sarajevo, Bosnia, with a strong presence throughout the Balkans region of southeastern Europe. Europronet operates as a full local telecom operator and an internet service provider throughout Bosnia & Herzegovina and has an extensive residential and corporate customer base in this region. It also provides field engineer services to financial institutions and has a substantial international market through its wholesale business.
Europronet will provide Adamant with a large customer base for Adamant’s range of digital products and services.
Andrea Pagani, CEO of Adamant Global, commented on the news.
“Europronet’s operation is a very significant milestone in the life of the company – and a complement to Adamant’s structure and growth plan. This acquisition will provide us with a strong presence in the Balkans and a large base of residential and business customers, which we can leverage to expand our Telecommunications Business and deploy our Fintech Solution. These are key steps in consolidating and reinforcing Adamant’s balance sheet.”
Adamant Global Holdings is the owner of Oktacom Inc, a licensed global telecom carrier in the international VoIP wholesale business, and Brilliance LTD, a cloud-based mobile service company.
Brilliance has designed a software application similar to SKYPE and WhatsApp for Apple iOS and Android platforms.
Adamant Holding Inc. (ADMT) opened trading at C$0.03.