Timico acquires NewNet plc

Timico have today announced the acquisition of Hampshire based ISP
NewNet. The move follows acquisitions in 2007 of KeConnect and in 2008,
Twang.net by Timico who provide unified communications to businesses.

“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.”

Tim Radford, Chairman, Timico

NewNet operate from Fareham and have in the last few years started a small
LLU roll-out programme which covers 11 exchanges in the Hampshire and Surrey
area. Whether this was a big appeal to Timico is unclear, but it would be
interesting to see the growth of this network to cover more exchanges.