UK ISP Onecom Acquires the Glamorgan Telecom Group
Hampshire-based business broadband provider Onecom, which last year secured a £100m funding package from LDC and Ares Management Corporation (here), is going on the hunt for acquisitions to boost their growth and the first of those is rival ISP Glamorgan Telecom, which operates in the South West and South Wales.
Sadly, no information has been provided to say how much money changed hands in the deal, although the Glamorgan Telecom Group is expressed as being a company with “multi-million-pound revenue.” As part of this deal the senior leadership of GT, including CEO Kelly Bolderson, will remain with the business.
The agreement is also said to “represent the first of a number of acquisitions” now being planned by Onecom, which is itself led by former O2 executive Ben Dowd.
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Ben Dowd, CEO of Onecom, said:
“The telecommunications sector is playing a crucial role in supporting the operational resilience of businesses across the UK and will continue to do so as we look ahead to an increasingly digital economy over the next three years. SMEs spend as much as £8billion a year on telecoms and connectivity which will ultimately fuel and accelerate our growth. LDC’s investment has already provided us with major impetus and further strategic acquisitions will undoubtedly complement the high level of organic growth we plan to deliver as we scale and diversify our services.
Kelly and the Glamorgan Telecom team have achieved an outstanding reputation as a market leader, regionally, and I’m looking forward to working with them as part of Onecom to strengthen the business’ already-enviable offer for its customers.”
Onecom, which employs roughly 400 people across 7 regional offices, claims to have doubled its revenues over the last 5 years. The planned acquisitions are a quicker way to provide them with additional scale in the market.
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 X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and Linkedin.
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Worked at Zen, went for a job here as I moved to cardiff – was told I was not qualifed enough to be a front line tech support person….
CAn you guess what job I was already doing?
Different company, potentially different job, even if the job title is the same.
Someone providing a bum on a seat at a mass market ISP is potentially going to struggle to provide the level of support expected from front line at A&A.