Alternative Networks buys ICB
Consolidation and jubilation
Alternative Networks - a London-based business-to-business telecoms reseller - has acquired rival Integrated Communications for Business Ltd for £6m and an earnout of up to £5m.
Targeting SMEs along the M4 corridor, Reading-based ICB operates as a mobile service provider for both Vodafone and O2, and also sells fixed line voice and data products.
ICB has some 14,180 mobile subscribers and 518 fixed line customers. In the year to April it reported revenues of £14.8m and pre-tax profits of £500,000.
Alternative Networks said the deal will "consolidate opportunities in the business telecoms service provider sector with complementary businesses". ®