Teleunit closes Neomobile transaction for ?10m

    RNS Number : 2106F
  Teleunit S.p.A
  07 October 2008
   
   06 October 2008

    Teleunit SpA
    ("Teleunit" or "the Group"; stock code: TLU)

    Teleunit closes Neomobile transaction for EUR10.0 million

    Further to the Company's results announcement made on 30 September, Teleunit is pleased to announce the completion of the sale of a
15.87% stake in Neomobile. Completion follows receipt by the Group of the consideration payable totalling EUR10.0 million.




    About Teleunit SpA
    Based in Perugia in Central Italy, Teleunit is a telecom services provider to both business and residential customers throughout Italy.
The Group operates in three distinct sectors: voice and data services (providing fixed line voice and data, wholesale, and wireless services
to customers across Italy) and premium access services. Through its subsidiary, Neomobile SpA, Teleunit is also an active player in the
Mobile Entertainment D2C arena. The Group is looking to expand its operations selectively in Italy and internationally. Teleunit listed on
AIM in May 2004, the first Italian company to complete a primary listing in London. For more information, please visit the website:
http://ir.teleunit.it

    For further information, please contact:

 Gianfranco Cimica, Chief Executive Officer, Teleunit SpA  00 39 075 528 3939

 Oliver Rigby, Daniel Stewart & Company Plc                     020 7776 6550



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