Business
First Day of Dealings & Publication of Prospectus
First Day of Dealings & Publication of Prospectus.
About this update from Orient Telecoms Plc
[{"type":"text","content":"\n \nRNS Number : 5266U Orient Telecoms PLC 25 October 2017 \n\n25 OCTOBER 2017\n \n \n \n ORIENT TELECOMS PLC\n \n(\"Orient\" or the \"Company\")\n \nAdmission to Trading and First Day of Dealings & Publication of Prospectus\n \n \nOrient Telecoms Plc (LSE:ORNT), a company established to provide managed telecommunications services using the network infrastructure owned by other network operators, is pleased to announce that its entire issued ordinary share capital consisting of 10,000,000 ordinary shares of 10 pence each (the \"Ordinary Shares\") will today be admitted to the Standard Segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's Main Market for listed securities (together, \"Admission\"). Dealing will commence at 8:00 a.m. today, 25 October 2017, under the TIDM code \"ORNT\" (ISIN: GB00BYPHCZ29). \n \nHighlights\n \n· Orient was incorporated with the intention of providing managed telecommunications services using the network infrastructure owned by other network operators to enable cost effective and rapid connectivity to large bandwidth consumers initially in Singapore and subsequently within other Southeast Asian countries.\n \n· The Company aims to be a new regional network telecommunications provider offering connectivity and selling managed network services across Southeast Asia. The Company's service offering and the construction of its overlay network will require low capital expenditure and management believe this will enable it to offer attractive pricing to customers...