Ziggo to acquire Esprit Telecom expanding its business services to the SME market
Ziggo is further expanding its services for the business market through the acquisition of Esprit Telecom, a leading provider of voice and data services for the SME market in the Netherlands. The company has an active sales channel of dealers across the country. The acquisition includes Zoranet, an ICT service provider that focuses on the retail sector.
Esprit Telecom is part of the Detron ICT & Telecom Group and will continue to operate independently, under its own name, for the foreseeable future. The acquisition is subject to approval by the Dutch Competition Authority (NMa). In 2012, Esprit Telecom generated revenues of €37 million. The acquisition is valued at €18 million.
Hendrik de Groot, Ziggo's Business-to-Business Managing Director, said: "Our focus is on the small business market, where we provide all-in-one business solutions based on broadband Internet, telephony, TV and increasingly cloud services. Over the past two years we have successfully grown our small business customer base by more than 30,000 customers. We experience increasing demand from the SME market for our products and services. The acquisition of Esprit Telecom, which has a loyal customer base and operates nationwide, will enable us to accelerate our services provision to the SME market. Together with Esprit Telecom, we will invest in new cloud based business services, including a new portfolio telephony services, designed for both small businesses and the SME market. We also see interesting synergy opportunities, including upgrade to our next generation broadband network, enabling SMEs to be securely connected to the cloud."