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Mergers & acquisitions

Biscit Completes V21 Buy

LONDON -- Communications service provider (CSP) Biscit today announces that it has completed the acquisition of V21.co.uk Limited. The acquisition enables Biscit to upsell its telecoms and combined phone and free superfast broadband services to V21's circa 33,000 customers, as well as other Internet products.

The board of directors of V21 has resigned and replaced by Biscit's CEO, Hugh Paterson, its sales and product development director, Nathan Relevy, and its financial director and company secretary, Bill Homan-Russell. V21's auditors and legal advisers have also been replaced by those of Biscit.

"Clearly, we're delighted with this acquisition and the opportunity to serve V21's resellers and end users," says Paterson. "The principal changes V21 customers will experience is greater choice in voice and superfast broadband services, and customer support from Biscit's in-house London teams instead of a call centre in India."

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