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Business UK ISP Onecom Acquires Rival Russell Telecom

Tuesday, December 7th, 2021 (5:08 pm) - Score 240
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Hampshire-based business broadband and cloud provider Onecom, which is backed by a £100m funding package from LDC and Ares Management Corporation (here), has today made their fourth acquisition of the year (after Olive Communications, 9 Group and IP Office) by gobbling Russell Telecom for an undisclosed sum.

The CEO of Onecom Group, Martin Flick, said: “As we continue to grow, supported by LDC, we are delighted to welcome the Russell Telecom team and customers to Onecom. Our businesses are a perfect match and this transaction, our fourth in 2021, supports our strategy of acquiring strong businesses that share our culture, values and ethos and our commitment to providing exceptional products and solutions to UK businesses of all sizes.”

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