Olive adds 45,000 connections with Wish Comms acquisition
The acquisition is Olive’s ninth in two years and takes its base above 110,000 connections
Dealers
September 19, 2013
Vodafone gold partner seeking further deals as it reports a slight rise in revenue and profit for the first half of this year
Maintel is looking for more acquisitions following its purchase of the UK and Irish operations of the Datapoint group of companies for £3.5 million.
The acquisition of Datapoint Customers Solutions, Datapoint Global Services and Datapoint Communications was announced to the London Stock Exchange on September 13.
The Datapoint companies provide consulting and professional services in unified communications, with particular strength in contact centre solutions. Other offerings including managed services and equipment sales.
It is Maintel’s third acquisition in four years, having bought Redstone maintenance assets for £1.75 million in October 2010 and B2B dealer Totility for £7 million last November.
This latest deal was followed by Maintel reporting its financial results for the six months to June 30, which showed a year-on-year rise of one per cent in group revenue to £13.56 million, with profit before tax increasing two per cent to £2.36 million.
The company said its balance sheet is strong and it continues to actively seek out acquisitions that will add clear shareholder and strategic value t0 the group.
Maintel CEO Eddie Buxton (pictured) said: “This has been a solid six month period in which we have consolidated in key areas and focused on both organic and acquisition-led growth for the second half of the year. The further development of the Maintel customer base in the UK and Ireland through the acquisition provides an excellent platform for growth as the economy recovers.
“Telecoms is, and will remain, a highly volatile and competitive marketplace and Maintel has a proven ability to capitalise on developing market sectors and deliver value to customers and shareholders.”