Knight Corporate Finance is delighted to have advised the shareholders of Home Telecom’s holding company, Telecom Acquisitions Ltd (TAL), on its strategic partnership with TalkTalk, which further strengthens TalkTalk’s wholesale strategy.
Telecom Acquisitions manages a multitude of residential broadband products, ranging from its largest mass market Home Telecom brand to the more specialist rural base with Fleur Telecom. TAL most recently added Hive to its ever-expanding portfolio with significant ambitions for Eclipse Broadband in the future – positioning them as the perfect partner for TalkTalk Consumer Wholesale Services.
This partnership is designed to deliver the growth of TAL through planned organic growth and continuing the very successful acquisition of small-to-medium residential customer bases, while the day-to-day operations continue as they do today.
Nick Gunga, Managing Director of TalkTalk Consumer Wholesale Services, will join the board to support and guide TAL’s future growth.
“We are pleased to be increasing our support to the partnership with Telecom Acquisitions (TAL) as it continues to grow,” said Gunga. “This is part of our continuing long-term growth strategy of TalkTalk Consumer Wholesale Services, the fastest-growing wholesale provider in the market.”
Nigel Barnett, TAL CEO, said: “Over the last 30 months we have made four acquisitions supported by aggressive organic growth, with the whole industry focusing on fibre to the property. To be aligned with a company with presence in over 3,000 exchanges across the country and agreements in place with leading fibre product specialist Altnets means we can offer our clients the very best service from any major provider.”
Paul Billingham, Director at Knight Corporate Finance, who led the transaction, added: “We are delighted to advise Telecom Acquisitions Ltd on its strategic partnership with TalkTalk. Having previously advised the company on its funding from Thincats, it was good to work with Nigel, Carl and Adrian again. We look forward to assisting them with further opportunities under this new partnership.”
Nigel Barnett added: “The value and experience the Knight team brought to the transaction was invaluable in what was a complex process and we are grateful for their support once again.”
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