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ISP Biscit Completes Acquisition of V Two One (V21)

Posted: 09th Oct, 2006 By: MarkJ
Despite all the confusing public statements of late, Biscit has today unleashed a surprise by announcing its acquisition of UK ISP V Two One (V21):

Communications service provider (CSP) Biscit today announces that it has completed the acquisition of V21.co.uk Limited. The acquisition enables Biscit to upsell its telecoms and combined phone and free superfast broadband services to V21's circa 33,000 customers, as well as other Internet products and services.

The board of directors of V21 has resigned and replaced by Biscit's executive directors - CEO, Hugh Paterson, sales and product development director, Nathan Relevy, and financial director and company secretary, Bill Homan-Russell. V21's auditors and legal advisers have also resigned and been replaced by those of Biscit.

"Clearly, we're delighted with this acquisition and the opportunity to serve V21's resellers and end users," says Paterson. "The principal changes V21 customers will experience is greater choice in voice and superfast broadband services, and quality customer support from Biscit's in-house London teams instead of a call centre in India."

The recent language between ISP's (here) had appeared to become quite hostile, although clearly not so much as to put Biscit off purchasing V21 through a more aggressive posture. Existing V21 customers will now be waiting to see how, if at all, this impacts their service. We hope to have some answers soon.
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