According to what News is aware of, Zzoomm, which has the support of massive US investor Oaktree Capital Management, has brought in specialized technology firm Acuity Advisors to find potential acquisitions.
In the UK, Zzoomm operates in about 30 market towns and minor urban areas.
It stated in June that it was “well-positioned to make acquisitions in fragmented and competitive markets as we are growing faster, have a more highly valued brand and network and stronger commercial proposition than many of our peers” .
“An enlarged group, based around our established operational and effectiveness and technical infrastructure, would benefit from the economies of scale,” Hare Matthew.
According to an industry source, Zzoomm was discussing a merger with several other altnet users.
Analysts predict a consolidation frenzy in the so-called altnet area as companies, many of which have taken out large loans to finance their rollouts, struggle with rising debt interest expenses.
Recently, News has disclosed that G Network is collaborating with bankers to explore acquisition proposals. Among its investors is the pension plan for British university instructors.
