VueTel Italia continues its development path

VueTel Italia continues its growth and development path, and has established itself as one of the most esteemed players in the sector of wholesale voice and data services in Africa. 2014, in fact, met with important changes in terms of the company structure and solid business results.

The balance sheet, approved on 7th May, showed a rise in turnover up to nearly 90 million, with an increase of more than 40% compared to 613 million in 2013. This allowed to show a profit, for the second consecutive year, amounting to 297,471 euros (+1000% compared to the previous year).

The other important new event of 2014 was the change in the company structure, that is the result of the decision to equip itself with an even more solid structure to go on pursuing an ambitious plan of business development.  

VueTel Italia changed its name into VueTel Italia Holding; simultaneously the new company “VueTel Italia S.p.A” was set up, controlled at 100% by the holding company, which was entrusted with the wholesale activities amounting to 7.45 million euros.

Following this strengthening line, there is also the choice of having a code of conduct ensuring transparency in the management business. It is a decision not required by law which adjusts VueTel Italia Holding to the highly rated companies.

The news of the excellent results from VueTel Italia was also reported by Corriere della Sera, Milano Finanza and TGCom24. The complete press review is here available.