Menu
08/05/2002
Dixons tap into mobile phone market
Dixons has announced that it has acquired Direct Telephone Services Limited, a leading independently owned mobile phone service for up to £31 million.
Genesis Communications is one of the leading mobile phone contract service providers to small and medium sized businesses (SMEs), focusing on enterprises with up to 250 employees.
Founded in 1995, Genesis has a base of high Average Revenue Per User (ARPU), SME subscribers, primarily to the O2 and Vodafone networks through its service provision licences. It also has a record of strong growth in connections, driven by its strong and differentiated customer proposition. Sales in the 12 months to 31 October 2001 were £51 million and the business is profitable and cash generative.
The management team, led by Managing Director Ian Blackhurst, will continue to lead the business as part of the Dixons Group.
Commenting on the acquisition, Dixons Group Chief Executive, John Clare, said: "Genesis has a strong and experienced management team whose can-do attitude has enabled them to establish a solid reputation in the small business mobiles sector.
"Bringing Genesis into the Dixons Group will greatly strengthen our telecoms offer to business customers of PC World and The Link. This acquisition is a significant step in our objective of creating a leading IT and telecoms convergent solutions provider in the business to business market."
(MB)
Genesis Communications is one of the leading mobile phone contract service providers to small and medium sized businesses (SMEs), focusing on enterprises with up to 250 employees.
Founded in 1995, Genesis has a base of high Average Revenue Per User (ARPU), SME subscribers, primarily to the O2 and Vodafone networks through its service provision licences. It also has a record of strong growth in connections, driven by its strong and differentiated customer proposition. Sales in the 12 months to 31 October 2001 were £51 million and the business is profitable and cash generative.
The management team, led by Managing Director Ian Blackhurst, will continue to lead the business as part of the Dixons Group.
Commenting on the acquisition, Dixons Group Chief Executive, John Clare, said: "Genesis has a strong and experienced management team whose can-do attitude has enabled them to establish a solid reputation in the small business mobiles sector.
"Bringing Genesis into the Dixons Group will greatly strengthen our telecoms offer to business customers of PC World and The Link. This acquisition is a significant step in our objective of creating a leading IT and telecoms convergent solutions provider in the business to business market."
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
14 January 2004
Dixons positive on increased Christmas sales
Dixons Group, the UK's largest electrical goods outlet, announced that UK sales for the eight weeks ended 10 January 2004 rose 7% in total and on a like-for-like basis were 4% up. This was welcomed as positive news for the retailer which had suffered from two successive lean years during peak Christmas trade.
Dixons positive on increased Christmas sales
Dixons Group, the UK's largest electrical goods outlet, announced that UK sales for the eight weeks ended 10 January 2004 rose 7% in total and on a like-for-like basis were 4% up. This was welcomed as positive news for the retailer which had suffered from two successive lean years during peak Christmas trade.
06 July 2001
DIXONS GROUP ANNOUNCES RETAIL EXPANSION
DIXONS Group are to create 1,300 new jobs throughout the UK and Ireland as part of an expansion that will reinforce the company’s position in the European electrical retail market. The new positions will come into force over the next twelve months.
DIXONS GROUP ANNOUNCES RETAIL EXPANSION
DIXONS Group are to create 1,300 new jobs throughout the UK and Ireland as part of an expansion that will reinforce the company’s position in the European electrical retail market. The new positions will come into force over the next twelve months.
05 September 2014
Belfast City Council Scoops Excellence Award
Belfast City Council has received an excellence award in recognition of achieving a 40% recycling rate, its highest yet. The Sustainable Ireland Awards took place at the Ramada Hotel on Wednesday night with council receiving the Council Award for Excellence in Waste Management on the night.
Belfast City Council Scoops Excellence Award
Belfast City Council has received an excellence award in recognition of achieving a 40% recycling rate, its highest yet. The Sustainable Ireland Awards took place at the Ramada Hotel on Wednesday night with council receiving the Council Award for Excellence in Waste Management on the night.
09 August 2018
Cross-Border Expansion Workshop Announced By Innovation Factory
The Innovation Factory has announced a free workshop aimed at helping businesses explore expansion into new cross-border territories.
Cross-Border Expansion Workshop Announced By Innovation Factory
The Innovation Factory has announced a free workshop aimed at helping businesses explore expansion into new cross-border territories.
02 October 2012
UK Business Awards Launched
The Federation of Small Businesses (FSB) and Streamline has launched a new UK-wide business awards programme to promote and celebrate innovation and success in small businesses across the UK.
UK Business Awards Launched
The Federation of Small Businesses (FSB) and Streamline has launched a new UK-wide business awards programme to promote and celebrate innovation and success in small businesses across the UK.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
