6/29/2009 11:01:00 AM
Weekend papers: Emerging SME telecoms group in £200m deal
The Sunday Times
SME telecoms group in £200m deal
Growing business SME telecoms group Daisy Telecoms is set to grow with acquisition of two other telecoms groups.
The Lancashire based telecoms group is set to acquire Feedom4 Group and Vialtus, both formerly part of telecoms group Pipex.
Daisy Telecoms, winner of the Bank of Scotland’s entrepreneur challenge 2007, is in talks to float on the stock market in a £200m deal, which could be announced this week.
The deal willgive it more munitions for acquisitions. The annual turnover of the enlarged group will be £100m.
Daisy was set up in 2001 by former salesman for Deutsch Telecom in Leeds, Matthew Riley.
New Ericsson chief confident the company will maintain its lead
New chief executive at Ericsson, Hans Vestberg has expressed confidence that the manufacturer will maintain its lead.
Vestberg, currently Ericsson’s chief financial officer, will succeed Carl-Henric Svanberg as chief executive in January.
Vestberg said: ‘Our goal is to continue to be in the leadership. Confident? You need to respect the competition. The organisation, Carl-Henric and I, we are determined all our efforts will be there in order to stay in the lead.’
Vodafone set to buy T-Mobile
Vodafone is considering buying T-Mobile, a move which would make it the largest UK mobile phone operator.
T-Mobile UK is understood to have been put on the market by parent company Deutsch Telekom.
T-Mobile’s market share is 15 percent whilst Vodafone’s is 25 percent, the acquisition from Vodafone would give the company a 40 percent market share.