Telecom Services Provider Acquisition: B4B Group Buys Fenix Solutions
Northern Ireland-based telecom provider B4B Group is expanding its reach with the acquisition of fellow Irish telephone systems and business communications services provider Fenix Solutions Ltd. Terms of the deal were not disclosed.
The entirety of Fenix’s staff will join B4B, the firm said. This deal is the company’s third acquisition in four years.
Dominic Kearns, CEO of B4B Group, commented on the news:
“B4B Group, as a business, believes the added value its acquisitions and their customers are receiving with access to our in-house expertise, support, and product range is making their overall customer experience better. Our company, as a business, is highly focused on the development of its own physical broadband and enabling services infrastructure instead of only wholesaling services from others.”
B4B’s last venture was to create a broadband network provider named Fibrus along with a local Irish Entrepreneur. Fibrus aims to develop a fiber network within Northern Ireland.
Unified Communications Acquisitions
M&A activity is ongoing amongst telcos, service providers and other types of unified communications businesses. Deals we’ve tracked include:
- March 2019: Protel Communications Inc acquired Burlingame, California’s Xtelesis
- February 2019: Momentum Telecom acquired Metro Optical Solutions.
- June 2018: SKC Communication Products bought unified communication and collaboration solutions provider GBH Communications.
- April 2018: An investment group led by Searchlight Capital Partners paid $2 billion in cash for Mitel.