“NOVERCA” – Business cooperation between Intesa Sanpaolo and Acotel group in the field of telecommunications

Intesa Sanpaolo Group in the cooperation with Acotel Group which operates in the field of telecommunications has created a joint venture – Noverca Italia Srl Company which will be a virtual mobile operator offering a wide range of telecommunication and other extra services in that field to its end users, physical and legal persons.

Noverca Italia Srl will be rendering services over mobile telephones, VOIP (’Voice Over Internet Protocol’ or in other words – making phone calls over Internet), such as informing and entertaining, house video surveillance and paying bills over mobile telephone, while mobile banking services will be developed by Intesa Sanpaolo.

The newly created company will organize delivery of SIM cards to its customers and it will use Telecom Italia’s mobile networks. The mentioned services will be offered by Noverca Italia Srl late 2008.

Extra operations regarding IP (Internet Protocol) are one of signs to recognize Noverca Italia. Due to excessive application of Internet Protocol, the company will be able to provide its customers with access to many services through both landline and mobile networks, i.e. by means of telephone, computer or other devices providing Internet access.

Within this group of initiatives, Noverca Italia Srl will have a double role of a technological pioneer and of the starting point of international development
Based on Italian experience, the international development of operations will start in 2009. The accepted structure of a newly created company is in accordance with that plan and the way it has been created facilitates it to admit new shareholders, profitable development being the objective.