Daisy makes £10.45m offer for BNS Telecom Group

Daisy makes £10.45m offer for BNS Telecom Group


Daisy Group has made a £10.45m offer for IP telecoms carrier and fixed and mobile reseller BNS Telecom Group.

Daisy said the acquisition of BNS will augment its existing capabilities and further strengthen its position in the reseller market.  In the year ended July 2009, BNS recorded sales of £36.9m (2008: £32.6m) and underlying EBITDA of £3.2m (2008: £0.13m)

 BNS has 8,000 customers across 22,000 business sites, with 42,000 fixed line connections and it currently handles on average over 30 million calls per month

Daisy said it considers BNS’s presence in the VoIP market to offer ‘significant cross-selling opportunities’ with high margin and multi-year contracted products.

Meanwhile, 75% of BNS’s revenue is attributed to fixed and mobile voice, broadband and maintenance products

The acquisition also includes BNS’s subsidiary 3G Comms, a UK cellular service provider for SME and corporate customers. 3G Comms has a Vodafone Premier Service Provider license with 16,000 mobile connections.

Daisy Group has bought data network provider Managed Communications for an initial cash consideration of £6.3m.

The move will be company’s fifth acquisition in six months, following a £39m acquisition spree that concluded when it bought Redstone for £17m in August last year and Managed Communications earlier this month.

Daisy was formed when telecoms companies Daisy and Vialtus were reversed into AIM-listed Freedom Group in a £123m deal. Its acquisition of Redstone was its third in as many weeks, after buying telecoms and IT supplier Eurotel, and communications and technology company AT Communications.

Daisy has now firmly set its sights on dominating the SME market as a service provider/distributor, with what it considers to be unparalleled mobile, fixed and IT capabilities.

Matthew Riley, Daisy CEO, said: ‘This offer makes great sense for Daisy, given the scale and position of BNS within the UK SME market. This acquisition will strengthen our position in the reseller market and is another step towards the Daisy Group consolidating this fragmented sector following the integration of our previous acquisitions, Daisy Communications, Freedom4, Vialtus Solutions, Redstone Telecom, AT Communications and Eurotel, and the completion of the acquisition of Managed Communications Limited earlier this month.’

Written by Mobile Today
Mobile Today


Please wait...

Please write code to prove you're human