AP Telecom, a facilities-based telecom consulting and
service company specializing in emerging markets, announced that Milner Weiss,
a management consulting and corporate finance advisory service, had converted
its debt to equity ownership at a pre-determined strike price.
Milner Weiss chose to option AP Telecom’s convertible
debt into equity after careful analysis of the data and voice traffic on AP
Telecom’s network and its proven ability to provide world-class support to
United States-based and Asian-regional carriers.
“This strategic investment is an endorsement of the
management team and advisory board of AP Telecom,
which is critical to running the data and voice traffic that customers
demand and adds to the momentum achieved since launching earlier this year,”
said Sandor Weiss, managing director and CEO of Milner Weiss.
The combination of emerging market demand for unified
communication services will continue to grow and we believe AP Telecom is
positioning itself with strong relationships and execution of its immediate and
mid-term business plan,” Weiss added.
“We are very excited to partner with Milner Weiss,
and believe our rapid regional success and global expansion plans are an
excellent fit with Milner Weiss’s selective investment approach on high return
assets within and outside of China,” said John Hibbard, advisory board
member of AP Telecom and president of Pacific Telecommunications Council.
This announcement follows a string of milestone
achievements for AP Telecom since its launch in the first quarter of this
year. Over the past eight months, the company has grown its client
roster, including call centers, BPOs and ISPs worldwide.
The company also expanded its international customer base
and global presence by providing services in Hong Kong, Indonesia, Ireland and
South Africa, and appointing industry veterans from international countries to
its executive advisory board.
AP Telecom has also experienced a significant increase in
traffic, including a diverse GIG-E managed wavelength of data customer and core
traffic for global low latency traffic running on the AP Telecom Network from
Asia to the United States.
Additionally, AP Telecom has seen its live voice traffic
increase to approximately 30 million voice minutes per month and is currently
on track for 350 million annually.
AP Telecom recently announced a partnership
with full-service communications company Guam Telecom (GTA) to monitor AP
Telecom’s rapidly expanding data and voice traffic in the Asia-Pacific region.
AP Telecom selected GTA NOC service to monitor its data
and voice traffic based on the company’s proven ability of providing
world-class support to U.S. and regional carriers.
