Investor Relations (IR) information, Coms plc (LSE:COMS.L)
Investor Relations (IR)
Coms plc is listed on the London Stock Exchange AIM market (LSE:COMS.L) and operates in the telecommunications market sector. Coms plc was admitted to AIM on the 6th of September 2006.
Business Description
Coms.com was founded by Jason Drummond in 2000 with the vision of using the Internet to carry and deliver voice telephone calls. Voice over IP (VoIP) is changing the way consumers and businesses make and receive their telephone calls. Coms offers a low-cost VoIP service that can be combined with services provided by broadband Internet suppliers to make and receive telephone calls. It is the Director's beliefs that the migration to the use of Internet Protocol to transmit voice messages will continue, with voice calls to the Internet allowing the calling parties to bypass the Public Switched Telephone Network (PSTN).
Target Market
Coms Plc is targeting the key emerging VoIP markets, directly via dedicated brands, indirectly via resellers and via strategic acquisitions, as well as growing the existing PSTN business via SuperLine. The synergy of this approach is that all these routes to market leverage the same infrastructure for terminating calls as well as the accounting functions.
The Key Target markets being:
- Personal VoIP: Coms.Com
- Business VoIP: Coms.Net
- PSTN: SuperLine
- Retail: ComsExpress
- Reseller: VoIP-Support
- Distribution: VCOMM
General Strategy
The management team are following both an organic growth to build the Coms.Com brand and an acquisition strategy to accelerate customer revenue and key skills and channels.
Strategy is lead by Terry Martin, CEO, targets customer acquisition directly and through retail, reseller and distribution channels complemented by a strategic acquisition program lead by Richard Bennett, Corporate Development officer.
