Home
 » ISP News » 
Sponsored

Altnet Business Broadband ISP Metronet UK Rebrands to M24Seven

Tuesday, May 2nd, 2017 (10:21 am) - Score 1,031
m24seven

The alternative hybrid fibre optic and wireless data network ISP Metronet UK, which serves several major urban areas around the United Kingdom, has re-branded to M24Seven after last year’s £47.5m acquisition of rival provider M247. Ex-Sky man Mike Darcey has also become their new Chairman.

The provider, which is being backed by mid-market private equity firm Livingbridge (they first invested in the ISP during June 2014 as part of a £45m secondary buyout), has recently been on somewhat of an acquisition spree and earlier this year gobbled London fibre provider Venus Business Communications (here).

The rebranded provider has also appointed a new Chairman in the shape of Mike Darcey, who is perhaps best known for spending around 15 years as both Sky’s Head of Strategy and its COO. During those years Darcey was responsible for all of Sky’s B2B lines of business and he was involved in the acquisition of Easynet in 2005, which led to the subsequent launch of the Sky Broadband business.

Mike Darcey, Chairman of M24Seven, said:

“I am very excited to be joining M24Seven at what is an important period in its development. In the UK, M24Seven has a proprietary wireless network and access to local loop unbundled fibre, particularly in London. This is a unique and differentiated proposition in a crowded market, which is supported by a full suite of business-critical solutions.

Globally, M24Seven has an incredibly powerful IXP [Internet Exchange Point] network across 16 cities which is only just beginning to be exploited. With so much opportunity, I am looking forward to working with the team to shape the strategy and see what we can achieve together.”

Lee Perkins, CEO of M24Seven, said:

“Mike joins the team at an integral point where we bring so much hard work to life, especially our brand. At M24Seven, we believe that that well-connected businesses are more productive and our new brand reflects our ability to support our customers around the clock, enabling them to get more done, 24-seven.”

As a result of all this M24Seven now claims to serve some 34,000+ customers and operate over 400 Points of Presence (PoPs), while they also delivered 33% revenue growth in 2016 (£50m annual turnover) and are home to a total of roughly 230 staff.

Add to Diigo
Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
5 Responses
  1. Avatar Ethel Prunehat

    Great work guys. Thankfully nobody will have a clue what your business does by looking at your name. Alas, you missed out on top marks by not removing all the vowels from it.

  2. Avatar Fact-check

    “M24Seven has an incredibly powerful IXP [Internet Exchange Point] network across 16 cities”

    Is this a network of IXP’s in 16 cities, or simply a network the connects to IXP’s in 16 cities? 🙂

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheapest Superfast ISPs
  • Hyperoptic £21.00 (*25.00)
    Avg. Speed 50Mbps, Unlimited
    Gift: £50 Shopping Voucher
  • TalkTalk £21.95 (*36.00)
    Avg. Speed 38Mbps, Unlimited
    Gift: None
  • SSE £22.00
    Avg. Speed 35Mbps, Unlimited (FUP)
    Gift: None
  • xln telecom £22.74 (*47.94)
    Avg. Speed 66Mbps, Unlimited (FUP)
    Gift: None
  • Post Office £22.90 (*37.00)
    Avg. Speed 38Mbps, Unlimited
    Gift: None
Prices inc. Line Rental | View All
The Top 20 Category Tags
  1. BT (2537)
  2. FTTP (2255)
  3. FTTC (1677)
  4. Building Digital UK (1616)
  5. Politics (1444)
  6. Openreach (1432)
  7. Business (1259)
  8. Statistics (1113)
  9. FTTH (1106)
  10. Mobile Broadband (1059)
  11. Fibre Optic (978)
  12. Ofcom Regulation (923)
  13. 4G (919)
  14. Wireless Internet (918)
  15. Virgin Media (871)
  16. EE (606)
  17. Sky Broadband (602)
  18. TalkTalk (587)
  19. Vodafone (535)
  20. 3G (418)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact