ANCHOR CAPITAL INVESTMENT LTD. (XETRA:ACP) (NSX:ACI) not to acquire Earth Roam Pvt Ltd. as previously announced on December 16, 2014

ANCHOR CAPITAL INVESTMENT LTD. (XETRA:ACP) (NSX:ACI) not to acquire Earth Roam Pvt Ltd. as previously announced on December 16, 2014

Anchor Capital Investments Ltd (NSX:ACI) will not pursue the acquisition of Earth Roam Pvt Ltd. as previously announced on December 16, 2014. The decision has been taken due to the slowdown in the telecom arena and the high cost of doing business. The other major factors are intense competition and too many new entrants cutting prices leaving no room for margins. The Board decided, it was in the best interest of Anchor Capital Investment Ltd. and its shareholders to retract and concentrate on other profitable ventures.

Source: Boérse Frankfurt 

For further information, please contact:

INVESTOR AND MEDIA RELATIONS

Linda Kirkland

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