A BELFAST-based telecoms firm has acquired a rival city company as part of of ongoing expansion plans.
B4B Group, located on the Boucher Road, has acquired Belfast-headquartered Fenix Solutions Ltd for an undisclosed sum. As part of the deal, which the third acquisition by the company in just four years, all eight Fenix staff will transfer across to B4B.
The deal with Fenix comes as part of B4B Group’s continued organic and targeted growth within the telecommunications market in Ireland and the UK. The company continues to double in size year-on-year and this recent acquisition is seen as the next step in terms of its development and scalability.
B4B Group chief executive, Dominic Kearns believes the latest acquisition will only strengthen the company.
"As a business we believe the added value our acquisitions and their customers can receive by accessing our in house product range, support and expertise makes their overall customer experience better," he said.
“As a business we are very focused on developing our own enabling services and physical broadband infrastructure rather than purely wholesaling services from others. We have invested significantly in our roll out of full fibre broadband infrastructure to over 30 business parks and centres across Northern Ireland. Further to this we have built our own national broadband network and IP voice platform that ensure we are in full control of our product offerings."
“In line with our growth aspirations, the acquisition of Fenix allows us to add an experienced company, a quality team with a proven track record of operational excellence and skill, to our offering.
“Fenix staff are amongst the most skilled in the region and we see the addition of that expertise to the B4B wider group as further enhancing our ability to deliver the best customer services to our clients," Mr Kearns added.
B4B is gaining a growing reputation within the telecoms industry and at the end of last year signed a JV agreement called Fibrus to deliver full fibre to the premise to homes across Northern Ireland. Current plans for Fibrus will see a £90 million investment over five years in delivering new full fibre network. Commencement of the roll out is due next month.
