TalkTalk Group Enters Into Agreement to Acquire Virtual1
TalkTalk Group Enters Into Agreement to Acquire Virtual1
TalkTalk Group is pleased to announce it has entered into an agreement to acquire Virtual1, one of the UK’s primary wholesalers of high bandwidth services.
Virtual1 presents an exciting opportunity for us to strengthen our TalkTalk Wholesale Services Platform offering, providing high bandwidth data connectivity and value-added services including SD-WAN, Cloud including IaaS (Infrastructure as a Service), Security and CoLocation services based out of three data centres. In addition, they host voice services and a SIP exchange that connects to all of the major UK SIP providers.
By entering into an agreement to acquire Virtual1, our Partners will benefit from Virtual1’s unrivalled capability in automation and leading-edge portal experience and a suite of sophisticated API capabilities. These award-winning portals and improved automation will allow our Partners to virtually manage their network, with complete visibility of real-time bandwidth, minimising the need for manual intervention and reducing costs, whilst transforming the customer experience.
As businesses continue to experience increasing demand for bandwidth, our strategy remains focused on delivering competitive high bandwidth connectivity that is future-proofed for our Partners and their customers’ needs, whilst remaining easy to do business with.
Nick Gunga, Managing Director of TalkTalk Wholesale Services says “We’re confident that by entering into an agreement to acquire Virtual1 it supports this vision by providing access to a powerful combination of unrivalled software capability and superior scale. We expect the transaction to complete by the end of May and we’re excited to be incorporating these into our future Wholesale Services Platform offering.”
