Home » 

UK ISP News Archives

 » 
Sponsored Links

Iomart Buys 51% Stake in UK ISP EzeeDSL

Posted: 07th Mar, 2007 By: MarkJ
The London Stock Exchange (LSE) reports that the Iomart Group PLC has acquired a 51% controlling interest in the “data centre company” Ezee DSL Limited (186k). There's more..:

Highlights

* iomart enters the data centre market with a conditional agreement to acquire a 51 per cent stake in Ezee DSL Limited (to be renamed Easyspace Datacentres Ltd) for £4.8 million in cash.

* KBC Peel Hunt has conditionally placed 20,000,000 Placing Shares to raise £11 million at a price of 55 pence per share

* The Directors believe that they are acquiring their 51 per cent. stake at a significant discount to the replacement cost of iomart’s share of the equipment, which the Directors estimate to be £14m

* The Directors are confident that the delivery of the Easyspace Datacentres’ business plan will result in iomart achieving entry into a profitable and growing business at a relatively low earnings multiple.


* EGM to approve, inter alia, the Investment Agreement, to be held at the offices of iomart Group plc on 30 March 2007 at 10:00am.

Angus MacSween, Chief Executive Officer said:

"The Directors believe that the acquisition of a significant amount of high quality data centre capacity which is close to being operational would, at this point in the cycle, be highly opportunistic. Existing data centres are believed to be close to capacity and new data centres are time-consuming to build and fit out. Independent research suggests that occupancy rates for carrier neutral data centres will be close to capacity by the end of 2007 and that prices for rack space will nearly double from 2006 prices over the next three years.

We look forward to working with Dominic Marrocco (owner of Ezee DSL Limited) who has a proven track record in the data centres market and believe his skills, experience and enthusiasm will be highly beneficial to the group
”.

Further details of the agreement can be found here.
Search ISP News
Search ISP Listings
Search ISP Reviews
Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
150Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £24.00
132Mbps
Gift: None
Shell Energy UK ISP Logo
Shell Energy £26.99
109Mbps
Gift: None
Plusnet UK ISP Logo
Plusnet £27.99
145Mbps
Gift: None
Zen Internet UK ISP Logo
Zen Internet £28.00 - 35.00
100Mbps
Gift: None
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £15.00
150Mbps
Gift: None
YouFibre UK ISP Logo
YouFibre £19.99
150Mbps
Gift: None
Community Fibre UK ISP Logo
150Mbps
Gift: None
BeFibre UK ISP Logo
BeFibre £21.00
150Mbps
Gift: £25 Love2Shop Card
Hey! Broadband UK ISP Logo
150Mbps
Gift: None
Large Availability | View All

Helpful ISP Guides and Tips

Sponsored Links
The Top 15 Category Tags
  1. FTTP (5473)
  2. BT (3505)
  3. Politics (2525)
  4. Openreach (2291)
  5. Business (2251)
  6. Building Digital UK (2234)
  7. FTTC (2041)
  8. Mobile Broadband (1961)
  9. Statistics (1780)
  10. 4G (1654)
  11. Virgin Media (1608)
  12. Ofcom Regulation (1451)
  13. Fibre Optic (1392)
  14. Wireless Internet (1386)
  15. FTTH (1381)
Sponsored

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