26th October 2023
A multidisciplinary team of lawyers from Walker Morris have advised Telcom Group on its acquisition of fixed wireless and high-speed fibre network provider, Luminet.
Manchester based, Telcom Group is a full fibre, full stack connectivity provider. The acquisition is a key component in Telcom’s growing footprint, as it adds London to the list of existing metro networks, delivering high-speed internet combined with a full stack of applications, products and services to business customers & channel partners throughout the UK.
Telcom Group are backed by Gresham House, a specialist alternative asset manager, who committed to invest £63 million into the group in 2021 through its British Strategic Investment Fund.
Tim Jackson-Smith led the Walker Morris team supported by Matthew Gale and William Oakes (Corporate), Laura Lister and Laura Swift (Banking), Nicola Parkinson and Greg Benson (Tax) and Lucy Gordon and Kendel Shepherd (Employment).
Christopher Baldock, Telcom Group’s Chairman commented:
“The board of Telcom are delighted to be working with the team at Luminet whose London footprint and strong channel proposition will complement and integrate into Telcom’s network infrastructure and provide a platform for our product portfolio of applications, products and services aimed at the business market.”
Shaun Gibson, Telcom Group Co-Founder commented:
“Luminet provides the key London footprint to complement our Hypercity fibre networks with Manchester, Leeds, Liverpool and Birmingham now complete, we are rapidly becoming the go to high-speed network provider for business customers & channel partners throughout the UK. The combination of Telcom & Luminet sees Telcom Group become the largest B2B Fixed Wireless Network provider in the UK and helps accelerate our ability to support Britain’s digital revolution and ultimately connect customers, to a network that’s built for greatness.”
Tim Jackson-Smith, added:
“This is an exciting acquisition for the Telcom Group and will greatly assist its growth plan and further its capabilities across the country. It’s been great to support the team at Telcom on this strategic acquisition and we look forward to continuing our support in the future.”