Radius extends telecoms reach with 10th major acquisition
RADIUS Payment Solutions has further extended its reach into the lucrative Irish telecoms sector by acquiring a majority stake in Dublin-based operator Telcom, which serves a number of leading companies and brands including Fyffes, Savills and Maxol.
It's the 10th telecoms acquisition for Radius in the last few years - which notably included that of Rainbow Communications in Belfast in March - and its first major purchase in the Republic.
Telcom, which has its head office in Rathfarmham, was founded in 1999 and owns its own secure high-speed ISP core network.
In November Radius opened a major new Belfast base, accommodating teams from its telco division Radius Connect, fuel cards and telematics which will service customers in Northern Ireland and the Republic.
Radius' founder and chief executive Bill Holmes said: “Our successful growth strategy is about making the right connections, and I'm delighted as part of our tenth strategic growth acquisition to be working with Telcom as we accelerate our growth plans together, creating new opportunities for expansion and driving new solutions for businesses across the UK and Ireland.
“As old legacy telecommunications become depleted and the ISDN switch-off looms, the future lies in the migration of all voice and data telecommunications on high-speed ISP networks, and together we are perfectly poised to take further advantage of this significant transition, helping businesses navigate the challenge by adding value and building capacity for future growth.”
Headquartered in Crewe, Radius Payment Solutions has more than 2,000 employees in 18 countries spanning five continents, with over 20 offices throughout the UK and Ireland – including Belfast, Dublin, Derry and Galway – and an annual turnover of more than £2.6 billion.
Telcom founder and chief technology officer Liam Tully said: “We are thrilled to partner with Radius at an exciting time in its growth.
“Radius's vision is very much aligned with that of Telcom, and especially with the acceleration of digital transformation where businesses of all sizes will rely more and more on high speed, cost-effective and enterprise class fibre services.”