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UK Broadband ISP Supplier Murphx Acquired by Daisy Group

Posted: 22nd Jun, 2010 By: MarkJ
daisy group uk wimax freedom4Telecoms firm and ISP Daisy Group, which last week disposed of FREEDOM4 and its WiMAX wireless radio spectrum to UK Broadband Ltd / PCCW (here), has today acquired the connectivity and hosting solutions provider MurphX Innovative Solutions for £4.8 million. At the same time Daisy posted a net loss of £16.17m for the 15 months to the end of March 2010.

MurphX, which is best known for being a supplier of broadband services to a multitude of UK ISPs, will retain its current management team during the integration of its business. Daisy remains on the hunt for more acquisitions, despite its losses, and expects to find some as the financial climate causes smaller firms to hit troubled times.
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