Complete Technology Group to withdraw from market

Mon, 24/06/2024 - 10:21

Complete Technology Group (CTG) has confirmed its intention to withdraw its current service offer from the market over the coming months.

This is a reaction to a slowdown in its telecoms customers’ market that has prevented the company from scaling sufficiently to continue its planned growth.

CTG has ceased new activity while the Board undertakes a review to determine the future of its brands and assets.

CEO Chris McLain said: “Our decision to manage a controlled withdrawal of our current services ensures we can honour all of our existing commitments for employees, landlords and telcos.

“In the coming weeks, we’re focused on supporting our colleagues, all of whom are affected by the decision, and working with strategic partners to get the best outcomes for all stakeholders.”

The company has partnered more than 20 landlords to bridge the gap with telecoms providers and boost connectivity in MDUs.