6/10/2010 12:15:00 PM
Fone Logistics sale welcomed by distributors
Daisy’s acquisition of Fone Logistics for £3.6m has been welcomed by other airtime distributors in the market.
The sudden purchase of Fone Logistics, based in Newcastle, has led to some distributors claiming they will see the benefits of market consolidation ‘immediately’.
HSC sales manager, Carlos Pestana said: ‘We are really excited about Fone Logistics being bought. It leaves us as one of the few remaining distributors in the market with multiple network agreements and a big base.’
Other distributors said the acquisition may provide them with an opportunity to attract new dealers who were previously with Fone Logistics.