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Maintel keeps 10% higher div guidance, but lowers expectations for FY adjusted EBITDA

Wednesday 6 December 2017 | 11:34 CET | News
UK services provider Maintel has given a trading update for its full year to end December, noting that while its Icon cloud services continued to grow strongly in the second half boosted by ongoing investment in the platform, it experienced quite a few headwinds. As a result, the contribution of Azzurri Communications, acquired in May 2016, will be less than expected, and FY adjusted EBITDA is now seen lower at GBP 12.5-13 million. The company intends to keep its FY guidance for a 10 percent higher dividend year-on-year, based on longer-term prospects and underlying cash flows, and expects

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Categories: Fixed
Companies: Avaya / Azzurri Communications
Countries: United Kingdom
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