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ACE Telecom revenue rises over HUF 600m in 2011

Internet-based telecommunications service provider ACE Telecom’s revenue climbed 21% to HUF 606m in 2011, managing director Adam Strelisky told MTI.

Corporate clients generated 93% of revenue last year, Mr Strelisky said.

The company spent HUF 105m on investments last year and expects CAPEX to reach HUF 120m-130m in 2012, he added.

ACE Telecom added 11 base stations to its network last year, bringing the total to 152. This year, the company wants to build at least 20 base stations.

ACE Telekom targets net revenue of HUF 650m in 2012.