Telecoms firm buys Networks by Wireless assets
Tue, 30th September 2014

Telecoms firm buys Networks by Wireless assets

High-speed broadband infrastructure and IT managed services provider ITS Technology Group has bought the assets of Networks by Wireless out of administration.

The acquisition, the second that Runcorn-headquartered ITS has made this year having bought wireless broadband provider CityServe in June, includes contracts with customers such as Aberdeen Council, Vale of Glamorgan Council, Bedfordshire Police, and Countess of Chester Hospital.

Roy Shelton, ITS chief executive, said: "Networks by Wireless has built a significant footprint and acquired an impressive client portfolio over the last 15 years.

"This acquisition will not only enhance our value proposition by providing an even richer end-to-end solution across fixed and wireless broadband networks in both urban and hard to reach areas, but will also build on our managed services capabilities.

"It will also increase our network assets, for example, we now own the Digital Dales in Teesdale, County Durham which delivers wireless broadband to the area's hard to reach rural locations."

Having paid an undisclosed sum for Sheffield-headquartered Networks by Wireless' assets, ITS' acquisition has safeguarded a number of jobs including key technical operatives.

Networks by Wireless will no longer trade under this name, instead becoming part of the ITS Technology Group brand with immediate effect.

Sarah O'Toole, Simon Wilson and Fraser Gray were appointed as administrators of Network by Wireless Ltd on 12 September 2014 after the telecommunications provider experienced severe cash flow problems.

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category National  |  source Insider Media