Telcom Group acquires London-based Luminet
Telcom Group, backed by Gresham House, a specialist alternative asset manager, who initially committed to invest £63 million into the group in 2021 through its British Strategic Investment Fund (BSIF), has today completed the acquisition of Luminet, London’s largest Fixed Wireless network operator and leading business-to-business connectivity provider. The acquisition is a key component in Telcom’s growing footprint, as it adds London to the list of existing metro networks, delivering high-speed internet combined with a full stack of applications, products and services to business customers & channel partners throughout the UK.
Luminet, which was founded in 2005, is a leading London-based ethernet connectivity specialist across fixed wireless and fibre with the unique ability to provide fully resilient “100% SLA” connectivity, at speeds of up to 10Gbps, with wireless connectivity provision within 10 days.
Christopher Baldock, Telcom Group’s Chairman commented:
“The board of Telcom are delighted to be working with the team at Luminet whose London footprint and strong channel proposition will complement and integrate into Telcom’s network infrastructure and provide a platform for our product portfolio of applications, products and services aimed at the business market.”
Simon Adcock, Head of Portfolio and Co-Fund Manager of Sustainable Infrastructure funds at Gresham House commented.
“We are very pleased to welcome Luminet into Telcom group. The two businesses are a strong strategic fit in terms of their culture and values, the geographies they cover, and the products and service they provide. The acquisition will provide a platform for the accelerated growth of Telcom with the ability to service business customers on-net across the UK.”
Shaun Gibson, Telcom Group Co-Founder commented:
“Luminet provides the key London footprint to complement our Hypercity fibre networks with Manchester, Leeds, Liverpool and Birmingham now complete, we are rapidly becoming the go to high-speed network provider for business customers & channel partners throughout the UK. The combination of Telcom and Luminet sees Telcom Group become the largest B2B Fixed Wireless Network provider in the UK and helps accelerate our ability to support Britain’s digital revolution and ultimately connect customers, to a network that’s built for greatness.”
Notes to editors
Luminet is on a mission to help London businesses by delivering high-speed, failsafe connectivity direct to customers and through our channel partners. We provide London businesses with gigabit connectivity through our unique wireless network, fibre services, and multi-tenant internet, complete with industry-leading 100% service level agreements.
Our combination of true customer-centricity, strong values, culture and capability in addition to best of breed technology and value for money, makes us the connectivity partner of choice. Founded in 2005, Luminet was one of the first to offer commercial wireless broadband solutions to businesses and has grown its London client base to over 1,000 businesses.
Telcom Group provides full fibre and final mile wireless connectivity to businesses, channel partners and commercial landlords across the UK. Unlike many providers, we build, own and manage the entire network infrastructure end-to-end and employ our own engineering teams, allowing us to roll out the network faster than anyone else and get customers connected in days not months. We believe the high-speed fibre internet is a basic human right and a key catalyst for economic growth, technological innovation and empowerment. At Telcom, we deploy infrastructure that is built for greatness and designed for impact, that ultimately connects for good.
Our clients can take advantage of our market leading portal, transparent pricing, with access to enterprise-grade features. We make it easy for you to connect and manage your network infrastructure, so you can focus on your business.
Nina Dally | Press Officer | Telcom
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