Ziggo is to acquire Esprit Telecom, a provider of voice and data services for the SME market in the Netherlands. The acquisition includes Zoranet, an ICT service provider that focuses on the retail sector. The acquisition is valued at 18 million euros ($23.3 million).
PRESS RELEASE
Ziggo is further expanding its services for the business market through the acquisition of Esprit Telecom, a leading provider of voice and data services for the SME market in the Netherlands. The company has an active sales channel of dealers across the country. The acquisition includes Zoranet, an ICT service provider that focuses on the retail sector.
Esprit Telecom is part of the Detron ICT & Telecom Group and will continue to operate independently, under its own name, for the foreseeable future. The acquisition is subject to approval by the Dutch Competition Authority (NMa). In 2012, Esprit Telecom generated revenues of ?37 million. The acquisition is valued at ?18 million.
Hendrik de Groot, Ziggo?s Business-to-Business Managing Director, said: ?Our focus is on the small business market, where we provide all-in-one business solutions based on broadband Internet, telephony, TV and increasingly cloud services. Over the past two years we have successfully grown our small business customer base by more than 30,000 customers. We experience increasing demand from the SME market for our products and services. The acquisition of Esprit Telecom, which has a loyal customer base and operates nationwide, will enable us to accelerate our services provision to the SME market. Together with Esprit Telecom, we will invest in new cloud based business services, including a new portfolio telephony services, designed for both small businesses and the SME market. We also see interesting synergy opportunities, including upgrade to our next generation broadband network, enabling SMEs to be securely connected to the cloud.?
About Ziggo
Ziggo is a Dutch provider of entertainment, information and communication through television, Internet and telephony
services. The company serves around 2.9 million households, with almost 1.8 million Internet customers, more than 2.2 million
customers for digital television and 1.5 million telephony subscribers. Business-to-business customers use services such as
data communication, telephony, television and Internet. The company owns a next-generation network capable of providing the
bandwidth required for all future services currently foreseen.
About Esprit Telecom
Esprit Telecom was founded in 1993, and provides voice and data services to the SME market in the Netherlands. The company has 5,000 clients and an extensive sales channel of 150 resellers and account managers. It is located in Almere, and has 75 employees. Zoranet became a part of Esprit Telecom in 2011. It is a business IT service provider that focuses on the retail sector, with sales driven through resellers and account managers. Located in Zwolle, the company has 23 employees.
Source: http://www.pehub.com/191452/ziggo-acquire-esprit-telecom/
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