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.