Scottish and Southern Energy has entered into an agreement worth £12.5m to acquire a 1,100km fibre optic network from TeliaSonera International Carrier UK. The acquisition increases the network of SSE’s telecoms subsidiary, Neos Networks to 3,500km.
The asset acquired by SSE comprises a duct containing fibre running between
The acquisition follows the sale in August 2007 of SSE’s telecoms sites assets, a decision in line with its strategy of focusing its telecoms business on network-related services.
Ian Marchant, chief executive of SSE, said: ‘The acquisition of this additional network is clearly in line with the stated strategy for our telecoms business.
It will allow us to enhance our provision of networking services to other telecoms providers, companies and public sector organisations, and further develop our telecoms business based around fibre assets, ducts and buildings.’
Adrian Pike, managing director of SSE’s telecoms business, added: ‘We have achieved significant growth over the last few years, based on innovation, competitive pricing and quality of service. Extensions such as this to our fibre optic network will provide the foundation for additional growth in the future, complemented by an ongoing focus on customer service.’