Feeds

Kingston flogs Omnetica France

Au revoir

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

Hull-based Kingston Communications has flogged the French operation of Omnetica, the IP networking operation it acquired late last year. Omnetica France, which trades as Arche Communication, has been snapped up by Belgium-based Telindus for €47m (£32.3m).

The deal still needs the nod from French competition authorities but is expected to be completed by June. Kingston said it would use the cash to help reduce bank debt.

The Hull-based telco bought Omnetica in December 2004 for £169m in cash and shares. At the time Omnetica consisted of Omnetica UK, PRES in Italy (which it sold at the beginning of March) and Arche. Now that both European businesses have been sold, it marks the end of Kingston's European jaunt.

Omnetica UK has now been merged with Kingston's Business Services Division and network storage outfit Technica, which it bought in March, to create Affiniti - Kingston's communications integration business.

"The sale of Arche allows us to focus fully on our UK operations and in particular on the opportunities for Affiniti," said Kingston chief exec Malcolm Fallen. ®

Related stories

Kingston Comms buys Omnetica for £169m
BT, Kingston face EC illegal state aid probe
BT buys Cisco reseller

Boost IT visibility and business value

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.