Major acquisition set to boost South West telecoms provider
Voneus, the rural community broadband specialist, has acquired Cotswold Wireless, the local high-speed broadband provider.
This is their first acquisition since raising over £5 million in growth funding in June 2017.
Aiming to be the UK’s market leader in rural broadband provision, Voneus expects this acquisition to increase the company’s capacity to connect a further 3,000 homes and businesses – growing its reach while increasing its market credentials.
Cotswold Wireless specialises in high speed broadband for the Cotswolds, helping over 400 homes and businesses in the South West.
This purchase strengthens Voneus’ network and will help additional households and businesses in Oxfordshire, Gloucestershire and Wiltshire become ‘connected’.
It is the first time either firm has undertaken a move of this scale. Part of the Voneus ‘buy and build’ strategy to accelerate its growth plan, this purchase is the first of many to ensure the business scales quickly and efficiently, while importantly ‘connecting the nation’.
Cotswold Wireless was founded in 2004 and specialises in delivering fast, reliable broadband to the Costwolds. Voneus who first entered the market in 2011 has already scaled its expansion plans since raising £5.3m growth funding in June 2017.
Specialising in Wireless ‘Air Fibre’, Voneus is accelerating its growth to achieve a national footprint, while bringing parity between rural areas and city dwellers.
Steve Leighton, CEO of Voneus said: “Our mission is to rescue rural communities from the pain and indignity of slow broadband, without them having to wait years for Fibre. Buying Cotswold Wireless, helps accelerate this.
“The important thing is increased access to communities and we want to make sure the ‘digital divide’ between urban and rural areas drastically decreases so people can go about their everyday lives interruption-free”.