ISP NewNet taken over by Timico

Timico buys NewNet to fortify its IP services proposition

The independent provider of unified communication services to the business market in UK, Timico, has annexed the internet service provider NewNet, in an attempt to strengthen its IP services proposition.

NewNet is a Hampshire based company that is known to offer fibre optic networks and LLU services. Peter Coates-Buglear, the executive chairman and chief executive, commenced the company way back which was then lead by John Mobley, who joined it as the manging director in 2002.

Tim Radford, the chairman of the Timico Group said: "The acquisition of NewNet allows us to fulfill our objective of further increasing the size and value of our business by enhancing our range of connectivity and hosting services to address the growing demand amongst business customers for fully-managed network and data centre solutions.

"With its extensive portfolio of award winning services and its focus on delivering excellent customer support, NewNet clearly shares our commitment to service excellence and will make an exciting addition to the Timico Group."

Coates-Buglear said: "Our move into the Timico fold is a good one for both NewNet and our customers and I am delighted that we are set to become part of a like-minded ISP with very similar technical infrastructure, growth ambitions and strategic outlook, and we look forward to combining our respective strengths, particularly in the co-location and hosting environments."