KCOM has announced the sale of its national ICT business to Nasstar, a managed services specialist provider that delivers an integrated suite of services from cloud computing to networking and communication solutions.
The company said that the sale of the national business will allow KCOM to focus on its core strategy as a regional provider of full-fibre broadband, growing our presence in both retail and wholesale markets as we continue to invest in our network expansion.
This follows a strategic review of the national business to look at opportunities for its development and its fit with KCOM’s long-term strategy, which began in 2019.
Nasstar is focused on providing managed services to multi-national corporates and enterprise customers.
KCOM CEO Dale Raneberg, said: “We have agreed the sale of our national business to Nasstar, a UK provider of managed communications and cloud services to large businesses and public sector organisations. Our regional wholesale and retail operations in Hull, East Yorkshire and North Lincolnshire will remain part of KCOM and the focus of our business.
“Our team is investing £100 million to expand our regional network, through which we are making full fibre broadband available to consumers and businesses in more towns and villages across East Yorkshire and North Lincolnshire.”
Nasstar CEO Wayne Churchill said: “Acquiring the national ICT services business of KCOM will form a vital part of Nasstar’s growth strategy, and it will be integrated into the business, adopting new, efficient, and scalable systems, and enabling customers to access an enhanced product set.
“We recognise the value and opportunities the combination of KCOM’s people, capabilities and customers from the national ICT services business of KCOM represent, and we are confident our strategy will turn this potential into long-term growth and success.”
