Apparently NewNet has been bought out by Timico.
Details here (http://www.newnet.co.uk/wp-content/uploads/2010/02/PR-NewNet-acquired-by-Timico.pdf)and here.
(http://www.timico.co.uk/home/press_releases.php)
I think this will make the combined organisation a formidable competitor for both iDNet and Zen.
It will, Tac, the economies of scale are obvious, providing they can keep the service levels up.
Thanks for the info Tac :thumb: Could IDNet join the fold? :dunno:
Quote from: quandam on Feb 01, 2010, 19:09:21
Thanks for the info Tac :thumb: Could IDNet join the fold? :dunno:
Wouldn't have thought so. It is interesting that although they cover different markets - Timico primarily busines and NewNet consumer - the two companies appear to have a similar ethos.
If this does presage another round of consolidation in the industry, it might make those at iDNet towers begin to wonder. Maybe an earlier takeover/merger with a like minded company - even say NewNet/Timico - would be better than suffering serious competitive damage and be faced with a forced sale to a buyer like TalkTalk.