Redbus, TeleCity Merge

LONDON -- The boards of directors of TeleCity and Redbus Interhouse today announce a recommended cash offer to be made by Torch Partners on behalf of TeleCity Group (the holding company, previously known as Inhoco) to merge with Redbus Interhouse - Europe’s most advanced, independent colocation and managed service provider.

The senior management team to lead the newly merged businesses will comprise, Mike Tobin, CEO (Redbus Interhouse), Carl Fry, Finance Director (Redbus Interhouse), Trevor Wadcock, Operations Director (Telecity) and Matthew Gingell, Marketing Director (Telecity). Rick Hudson CEO, Telecity and Josh Joshi, Finance Director, Telecity will step down.

Commenting on behalf of the directors of Redbus Interhouse, Mike Tobin, CEO of Redbus Interhouse, says, "This is excellent news for shareholders, employees and customers of Redbus Interhouse. This has been an outstanding year of performance for Redbus Interhouse and we have continued to demonstrate our commitment to offer real and beneficial business solutions to the companies that colocate within all our datacentres. The merger is a fantastic endorsement of our organisation which has rapidly become the benchmark for the colocation market across Europe.”

Redbus Interhouse plc

TeleCity plc