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Timico Acquires ISP KeConnect

Posted: 04th Apr, 2007 By: MarkJ
Thinkbroadband reports that ISP minow KeConnect, which is home to roughly 6,000 broadband connections, has been acquired by Timico:

Timico Ltd., an independent provider of converged communication services to the business market, today extended its internet service and broadband capabilities with the acquisition of KeConnect Group Limited, a UK based independent Internet Service Provider. The acquisition, which includes KeConnect Group's principal subsidiary, KeConnect Systems Limited, supports Timico's objective of becoming a leading player in the converged B2B space by boosting its presence in that market and strengthening its presence in the SoHo/Prosumer sector. The move impacts the mix of services currently provided by Timico to its customers, achieving a more equitable balance between internet, fixed and mobile services. Timico will also benefit from inheriting relationships with over 300 of KeConnect's specialist computer outlet dealers. These exclusive arrangements will provide a robust channel through which the other Timico converged, fixed, VoIP and mobile communications services can be sold in the future.

"We are delighted to have made our second acquisition. Like Timico, KeConnect is another convergence-focused business and shares our strong commitment to providing high quality, business strength solutions with exceptional personal customer service. By combining the two companies, we achieve a strategic opportunity to further increase the value of our business by gaining a customer base into which we are able to sell multiple services," says Tim Radford, Chairman, Timico Group.

Typically it's not yet immediately clear how existing broadband ADSL customers will be affected by the move, if at all.
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