5/7/2008 4:49:00 PM
20:20 present three-year back-to-basics plan
20:20 boss Meinie Oldersma presented a three-year back-to-basics plan at a long-awaited meeting with private equity owner Doughty Hanson and its banking syndicate last week.
Representatives from Doughty Hanson visited the handset distributor where the plan was given the go-ahead.
20:20 will now focus on getting the most out of the Axcom business and leveraging the Dextra business.
Oldersma also outlined plans to further develop the sole distribution relationship with BlackBerry as well as targeting business in Scandinavia.
20:20 has been suffering from a highly competitive changing marketplace. Doughty Hanson bought the company in August 2006, backed by financing led by Mizuho and Royal Bank of Scotland.