AspireTel acquires Dot Net
FYI, this story is more than a year old
The AspireTel acquisition of Dot Net represents an opportunity for expansion, says AspireTel, which it hopes will increase customer revenues from internet and computer-based opportunities.
Teleco provider AspireTel supplies retail fixed-line, broadband and mobile telephone services.
“The acquisition of the assets by AspireTel marks the end of a period of uncertainty for Dot Net’s SME operations, following the appointment of Gerry Rea Partners as the liquidators on November 30th, 2010,” read a statement by AspireTel.
The opportunities AspireTel sees as a result of the deal come from broadband, computer, fixed-line and mobile services, together with the Dot Net trading name.
AspireTel says it will take on “some” of Dot Net’s technical employees but will not maintain the company’s Pukekohe retail presence.
AspireTel CEO Bryan Holmes said, “Due to convergence of the voice and data markets, the opportunity for AspireTel to expand into the software as a service (SaaS) market and sell add on cloud based server and data backup solutions is an exciting opportunity, which comes with higher margin’s compared to traditional based telecommunications services like fixed line telephony and broadband.”
Dot Net assets acquired include the customer-base of around 4000 customers and the operational telephony infrastructure.
Both companies will trade together simultaneously, under two separate competing brand names and AspireTel aims to work closely with Dot Net’s customer-base “with a view of stimulating the Dot Net SME product and service offerings”.
AspireTel expects to see a bottom line increase in profitability within six months.