Feeds

iomart mops up OnCue's punters

Failed broadband provider sells off customers cheap

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Scottish broadband outfit iomart has paid £200,000 to acquire more than 600 business DSL customers from failed start-up, OnCue Telecommunications Ltd.

iomart claims the acquisition of OnCue's customer base will add around £1 million a year to its revenue.

It also claims this makes it the second largest DSL operator in the UK, behind BTopenworld.

OnCue called in the liquidators last week after failing to raise additional cash from its backers which included Soros Private Equity Partners, Madison Dearborn Private Equity Partners and T D Capital.

Some 130 people are set to lose their jobs because of the company's collapse.

iomart reported that OnCue customers should be migrated across to its service over the next fortnight or so. It's hoped there will be no interruption to service.

Angus MacSween, iomart CEO, said: "This is an excellent piece of business for iomart; it is a good price and keeps us at the forefront of ADSL delivery in the UK.

"However the demise of OnCue highlights the ongoing difficulties of rolling out broadband Britain under the current regulatory and competitive environment," he said. ®

Related Story

Broadband start-up goes titsup.com OnCue

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.