Daisy Group plc (AIM: DAY), a leading provider of unified business communications services, today announces the acquisition of O-bit Telecom.
O-bit, based in Buckinghamshire, is a key competitor of Daisy Group in the reseller channel, having enjoyed rapid growth since its establishment in 2002. Its products are aimed at internet service providers (ISPs), telecoms resellers and IT services organisations, reselling to SME and mid-market business customers.
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Daisy Group plc (AIM: DAY), a leading service provider of unified business communications services, is pleased to announce that it has reached agreement with the SpiriTel Directors on the terms of a recommended cash offer to be made by Daisy Group for the entire issued and to be issued ordinary share capital of SpiriTel at a price of 51.5 pence per SpiriTel Share, valuing the share capital of SpiriTel (on a Fully Diluted basis) at £27.3m.
Daisy Group plc (DAY.L, “Daisy” or the “Company”), the complete provider for communication services in the UK, announces that it has today entered into an agreement to acquire the telecommunications division of Redstone PLC (”Redstone Telecom”) for £17m.
Daisy has conditionally agreed to acquire Redstone Telecom, which comprises the assets of Redstone PLC’s fixed line business and also its wholly owned subsidiary Symphony Holdings Ltd, which largely comprises the mobile service provider and distribution business. As part of the Transaction, an agreement has been reached for the supply of fixed line and mobile services to the Group.