Athlone Investments Limited

Athlone Investments Limited

December 03, 2014 00:00 ET

Motorola Solutions Appoints Athlone Subsidiary, Vaninga Investimentos, as Added Value Reseller in Mozambique

Building Secure Public Sector Wireless Networks for the Sub-Saharan Region

MOZAMBIQUE, AFRICA--(Marketwired - Dec. 3, 2014) - Athlone Investments Ltd. ("Athlone", "APIO" or the "Company") (TASE:ATLN)(ATLN:IT) today announces that Motorola Solutions, a leading provider of mission-critical solutions and services for public safety and commercial customers, has appointed Vaninga & Investimentos Limitada, recently acquired by Athlone, as its added value reseller in Mozambique.

Vaninga is licensed to build and operate data centres in Mozambique and will provide the backbone infrastructure, in conjunction with Motorola Solutions, to support the creation of secure wireless networks providing services to the public sector.

Motorola Solutions has been active in the African market since 1966 where it is focused on providing mission-critical communication solutions including digital two-way radio such as highly secure TETRA (Terrestrial Trunked Radio) for public safety users.

Mr Boaz Or - Shraga, Africa Sales Director, Motorola Solutions, says: "As Mozambique and other Sub-Saharan countries are striving to rebuild and upgrade their telecom and IT infrastructure, we believe Athlone and Vaninga are the perfect partners for the mission. We look forward to working with Vaninga and leveraging its expertise and experience for the benefit of Mozambique and other countries."

Mr. Ross Macdonald, Athlone CEO: "Athlone, soon to be rebranded as APIO, plans to move beyond the traditional data centre model of providing hosting and co-location by adding suites of virtual servers and offering Cloud and storage solutions. With the appointment by Motorola Solutions, APIO will be capitalising on the full scope of its Mozambique licence which includes the right to provide wireless voice and data services."

"Apio has ambitions to move beyond Mozambique next year once it has established operations there and is already exploring opportunities in a number of Sub-Saharan African countries. The cooperation with Motorola Solutions will enable APIO to expand its footprint. The principals of APIO, former executives of MTN and Datatec, have extensive knowledge and experience of operating in the African telecommunications and IT environment."

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.

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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