Sarantel Group PLC has been looking to dispose operating business to a third party that has the scale and funds to invest in developing the market opportunities. Sarantel has been in a number of discussions with third parties who have expressed an interest in acquiring the subsidiary. Sarantel has now entered into exclusive discussions with a potential purchaser of the operating subsidiary, but there can be no certainty that this will be completed.

A further update will be provided in due course.