M&A

Connexin has acquired Encompass Training and will merge the company with its own training and development arm.

Obelisk’s expansion into the UK wireless telecommunications sector has been boosted through the acquisition of Balfour Beatty’s telecoms division.

Hull-based ISP Octaplus has acquired the residential customer base of Legend Fibre, which will begin focusing solely on its B2B customers.

Jurassic Fibre, Swish Fibre, Giganet and AllPoints Fibre will become a single operating entity as Fern Trading consolidates its retail and wholesale fibre businesses.

Recessionary shocks will lead to investment cooling off in 2023 and catalyse a frenzy of M&A activity in the altnet community, according to analysts and market watchers cited by ThinkCX.

Zybre has acquired fellow network aggregator Air Broadband, creating a group that can address over 13 million premises.

OCU Group has strengthened its offering across the north with the acquisition of Leeds-based fibre-optic specialist InICT.

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.

Connexin has made its second regional acquisition of the month, acquiring ISP Pure Broadband to continue its fibre expansion throughout Hull and the wider East Riding of Yorkshire region.      

Glide Group will operate Quintain’s fibre optic network throughout Wembley Park, after acquiring its subsidiary Velocity1.