Zzoomm has appointed Acuity Advisors to explore potential M&A targets, according to a report from Sky News.
Wed, 8/02/2023 - 16:50
Jurassic Fibre, Swish Fibre, Giganet and AllPoints Fibre will become a single operating entity as Fern Trading consolidates its retail and wholesale fibre businesses.
The four companies will combine their regional operations and create a national wholesale network during 2023.
“In the coming years, the UK fibre market is going to experience exponential change, driven by the massive need to ensure homes and businesses in every part of the UK have access to a fast and fairly priced internet service,” said John Browett, Chairman of Fern Trading’s Fibre Division.
“We expect to see continued consolidation within the industry, and by combining these successful businesses now, we will be in a fantastic position to take advantage of those market opportunities as they unfold.”
Jarlath Finnegan, currently CEO of Giganet, will lead the combined group.
He said: “We’re looking forward to expanding our presence across the country and providing even more customers with access to full fibre connectivity”.
