Telecom Acquisition appointment and strategy

Telecom Acquisitions Ltd, a communications company which has acquired customer bases and brands has indicated it is looking for businesses with turnover between £0.5m and £2m with loyal customer bases and strong reputations. The company was willing to offer investment and support for those businesses to grow. CEO Nigel Barnett prefers founders staying with businesses and continue to build them.

The group currently has 80,000 customers and expects revenues to reach £34 million next year. It is expecting to close two further transactions before the end of the year. It has purchased back TalkTalk’s controlling stake in the company and Sasha Barnett heading the company’s sales & marketing activities has been appointed to its board.

“I’m proud to be joining the board at such an exciting time for TAL. Buying back the 51% stake from TalkTalk puts the business firmly back in our hands, and with that comes the freedom to set our own direction and move at pace. We have ambitious plans for the year ahead, and several new partnerships in development that will open up fresh opportunities for our brands and our customers.

My focus is on bringing new products to market, building partnerships that create real value, and making sure every customer feels supported at every step of their journey. I work with brilliant teams who are passionate about helping our customers, and I’m really looking forward to helping shape the next chapter of TAL.

I spent over two years on the phones before moving through every department, learning how each one worked from the ground up. Recently I jumped back on the phones myself, and within a handful of calls I’d picked up fresh insights into how we can make things even better for our customers. Understanding the detail first-hand makes for better decisions at board level.”

Sasha Barnett, Director, Telecoms Acquisitions

TalkTalk is currently in administration so it is expected that it would have taken the opportunity to divest itself from the project to focus on maximising returns to its creditors. TalkTalk Telecom Group Ltd which held a majority stake in TAL has now named Tel Remainco Group Limited. It was likely (we speculate) the terms were favourable to TAL.