Timico snaffles KeConnect
Ipswich-based business ISP KeConnect has been bought by larger Nottinghamshire outfit Timico. Financial details of the deal have not been released.
Privately-held KeConnect has about 6,000 subscribers to its ADSL service. Its two directors will continue to run it as a standalone subsidiary. Timico hopes to use its latest acquisition's dealer network to upsell clients to its range of VoIP and other services.
Timico chairman Tim Radford said: "By combining the two companies, we achieve a strategic opportunity to further increase the value of our business by gaining a customer base into which we are able to sell multiple services."
Timico was founded in 2004 and quickly swallowed competitor Atlas .
Timico was unavailable for further comment on how the deal would affect customers. A source at KeConnect said subscribers should be totally unaffected. ®