December 7, 2012 – Irvine, California

Phoenix Telecom Solutions, a global provider of telecom infrastructure and services, has accepted an offer to sell its state in the Europe Middle East Africa (EMEA) & Asia Pacific (AP) business unit known as Phoenix Telecoms Solutions BV ,to Timeline Global Management B.V. (TGM).

The EMEA & AP operation will be rebranded under TGM to Timeline Global Telecoms and will continue its focus on delivering customised services to end operators and Original Equipment Manufacturers’ (OEMs) in the EMEA & AP market, specialising in WEEE activities.

About Phoenix Telecom Solutions

Phoenix Telecom Solutions, Inc. supports the increasingly rigorous quality requirements of OEMs, Service Providers and other organizations with complex legacy and next generation telecommunications networks. Phoenix provides their customers and partners with complete telecommunications solutions including infrastructure hardware, field and repair services, contract and remanufacturing and materials management support, allowing them to stay focused on their core business. As a strategic solutions provider of equipment and services, Phoenix’s portfolio of equipment includes wireless and fixed line infrastructure, microwave backhaul, data networking, and broadband VOIP connectivity.

The company is ISO9001:2008 registered and certified and currently has operations in the United States and Brazil. Phoenix is privately owned and is a WBENC certified diversity organization.

About Timeline Global Management

Timeline Global Management B.V. supports operators and OEMS with customized solutions to achieve rapid network rollout an upgrade to new technologies by providing Technical, End of Life HW support, Logistics and Environmental WEEE services.

Media Contact: Timeline – Peter Booth, Media.emea@timelinegm.com