Posted: 01st Feb, 2010 By: MarkJ

Business Internet Service Provider
Timico has announced the acquisition of NewNet UK, a small but popular Hampshire-based broadband ISP, for an undisclosed sum.
Tim Radford, Chairman, Timico Group, said:
"The acquisition of NewNet plc allows us to fulfill our objective of further increasing the size and value of our business by enhancing our range of connectivity and hosting services to address the growing demand amongst business customers for fully-managed network and data centre solutions. With its extensive portfolio of award winning services and its focus on delivering excellent customer support, NewNet clearly shares our commitment to service excellence and will make an exciting addition to the Timico Group."
Peter Coates-Buglear, CEO of NewNet, said:
"Our move into the Timico fold is a good one for both NewNet and our customers and I am delighted that we are set to become part of a like-minded ISP with very similar technical infrastructure, growth ambitions and strategic outlook, and we look forward to combining our respective strengths, particularly in the co-location and hosting environments."
NewNet has seen year-on-year growth since its inception in 1995. It operates bespoke fibre optic networks and unbundled broadband services (among other things), with a presence in four south coast and five London-based data centres and 11 LLU exchanges.