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  • BY: Andrew Hore |
  • POSTED: 16/03/2012 |

Speech recognition services provider Eckoh is selling its 27.5% in interactive services provider Telecom Express for 100,000.

Eckoh acquired the stake in May 2010 when it merged its interactive voice response division with the business. The stake was completely written off in the 2010-11 accounts. The write-down was 115,000.

The payment will be in three equal instalments the first on 1 June, the second by 3 August and the third by 1 February 2013.

At 11p a share, Eckoh is valued at 22m. The shares have risen by 57% over the past year.

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