ITS Technology Group (ITS) has today announced the acquisition of the assets of broadband firm Konek-T, which includes broadband networks as well as contracts to provide broadband services to rural communities across South Wales.
Konek-T, which appointed administrators (DDJ Insolvency) last month, left its customers uncertain as to whether they would have a broadband service after the company folded.
ITS, a rapidly growing broadband network and service provider, completed the sale for an undisclosed sum and the assets will now trade under the ITS brand with immediate effect. All customers with a Konek-T contract have been informed of the changes. This is the fourth acquisition ITS has made in the last 12 months which included Xwavia also based in Wales.
Roy Shelton, Group CEO at ITS said: “ITS delivers connectivity to digitally deprived areas across the UK, and the addition of this network certainly adds value to this proposition. ITS already has a footprint in Llancarfan, so these assets will extend our reach in this area. As a result, ITS will be able to offer access to more business and residential customers that have been struggling with inadequate broadband speeds, as well as allowing us to focus on wholesale access to our partners.”
ITS is now planning a complete upgrade of the network to make sure it is capable of sustaining a reliable broadband service to its existing customers who will not be charged for their services while this work is carried out. Once this phase is complete, ITS will also be offering further services including Voice over IP (VoIP) and IT support services to businesses in the area across a shared network.