Zzoomm has appointed Acuity Advisors to explore potential M&A targets, according to a report from Sky News.
Tue, 20/09/2022 - 11:02
ITS Technology Group has acquired NextGenAccess to enrich its market offer with an extended strategic dark fibre portfolio and an enhanced presence in the data connectivity marketplace.
The deal adds 455km of dark fibre across Greater London, Newport and South Essex to ITS’s fibre footprint, representing an additional 28,000 business premises passed.
Daren Baythorpe, CEO of ITS, said: “NextGenAccess will allow us to deepen our relationships with carriers, telecom operators, service providers, and resellers through its dark fibre expertise.
“We will expand our own data centre offering by developing NextGenAccess’ existing proposition in the space, as well as opening new opportunities on the network to deliver Layer 2 and 3 services to our partners.”
NextGenAccess’ management team and operational staff will join the ITS team.
Mark Weller, MD at NextGenAccess, said: “Following a period of growth, backed by Amber Infrastructure, the time is right to take the next step and allow our partners and their customers to benefit from our joint capability and experience in the full fibre market.”
ITS’ claims that the acquisition kickstarts its build and buy strategy following its second round Aviva Investors infrastructure funding which secured a further £100m in April this year
