Athlone Investments Limited

Athlone Investments Limited

January 07, 2015 18:00 ET

Athlone Subsidiary, Vaninga, Signs Deal With Telenetix for Delivery of Data Centre in Maputo

MOZAMBIQUE, AFRICA--(Marketwired - Jan. 7, 2015) - Athlone Investments Ltd. ("Athlone", "APIO" or the "Company") (TASE:ATLN)(IT:ATLN) subsidiary, Vaninga & Investimentos Limitada which is building its first data centre in Maputo signed a deal with South African Group Telenetix for the delivery of the core components of the data centre.

The multi-million dollar deal will initially see the delivery of the first stage of a multi-hundred rack modular data centre located in Matola on the outskirts of Maputo, the Mozambican capital city.

Telenetix Technology Solutions have specialized in modular data centres since 2006 and have deployments across the Continent. They will deliver the first phase of the Vaninga data centre in a rapid deployment purpose built containerized solution by early March with the balance of the facility being commissioned by May. Telenetix are experienced in operating in the tough African environment where they have deployed off grid solar units, broadcasting units, V-SAT units and the full range of ISO and non-ISO modular data centers.

Telenetix CEO Dean Hall stated that "Telenetix is very pleased to have been selected by Vaninga to provide their first data centre as we view this relationship as long term and we want to partner the company in its expansion into Africa. "

Vaninga plans to move beyond the traditional data centre model of providing hosting and co-location by adding suites of virtual and bare metal servers and offering Cloud and Virtualisation services. There is a dearth of data centre supply in Africa and in particular in Mozambique. The company wishes to capitalize on this market opportunity which it believes will grow as smart phones replace second generation mobile phones and the appetite for data services such as video and audio streaming matches global trends.

Vaninga's Chief Operating Officer Edwin Thompson who is overseeing the construction of the data center said "We are very excited to be joining forces with Telenetix. They have demonstrated time and again their capability in delivering projects on budget and on time in harsh African conditions and we are confident they will do the same again."

About Athlone Investments Ltd.

Athlone Investments Ltd. (soon to be rebranded as APIO) subsidiary, Vaninga & Investimentos Limitada is a Mozambican telecommunications operator licensed to provide a full range of fixed and wireless services nationally. It will focus on the provision of carrier neutral data center services which are in very short supply in Mozambique and in Sub Saharan Africa generally. The Company will launch services in Maputo in the early new year and have already received expressions of interest for the full capacity of rack space available.

In addition to traditional data centre services such as hosting and co-location, Vaninga plans to provide, a range of Cloud based services such as Platform as a Service and Infrastructure as a Service, virtual servers, secure storage and media streaming. Its customers include banks, telecommunications operators, Government, SME's and Consumers.

About Telenetix Technology Solutions (Pty) Limited

A South African company focused on the design, manufacturing and provision of modular data centers, power back up solutions and customizable specialized modules for inter-alia broadcast, education and health applications. Telenetix has evolved from traditional infrastructure to a modular Infrastructure specialist company.

Telenetix customers include many of South Africa's major pan-Continental companies providing financial, telecommunications and broadcast services.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Israeli securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's business model. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; and other risks of the industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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