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Business UK ISP Onecom Secures £30m Funding via HSBC Deal

Wednesday, May 8th, 2019 (8:52 am) - Score 457
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Hampshire-based telecoms and broadband provider Onecom has announced that they’ve successfully secured a five-year funding deal worth £30 million from HSBC UK. According to the ISP, this extra money will enable them to “invest heavily” in both their “systems and teams.

Apparently the first project to benefit from the new funding will involve an upgrade to their IT systems and increasing the use of Artificial Intelligence (AI) to support its customer services division. There’s also talk of further jobs being created to fuel the company’s future expansion.

The Southampton office of national law firm Clarke Willmott acted for Onecom to help it secure the deal. Unfortunately that’s just about all the detail we’ve been given.

Ben Dowd, Onecom’s CEO, said:

“This funding from HSBC UK recognises Onecom’s huge potential for significant growth, building on our position as the UK’s leader in business to business communications technology for the UK SME.

Onecom’s success to date is built on strong partnerships with global brands, outstanding customer relationships and the agility to expand through acquisition while nurturing and growing our established customer base. The funding from HSBC UK reinforces our commitment to achieving that growth while placing strong customer relationships and outstanding solutions at the heart of everything we do at a local, regional and national level.”

End.

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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.
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