NTL has snapped up network reseller Workplace Technologies in a deal worth around £81 million.
Yesterday Workplace confirmed it was in talks about a possible takeover deal which resulted in a sudden surge in its share price (see earlier story).
Telecoms provider NTL said the acquisition will enhance its ability to provide data network services to businesses throughout the UK and Ireland, and provide it with greater expertise in network planning, design and installation.
Barclay Knapp, NTL chief executive commented: "NTL is on its way to the centre stage in this new world of communications where broadband fibre-optic and Internet protocol networks are making truly revolutionary services possible."
He added that the purchase of Workplace will broaden the range of technology it can offer to its business customers.
"Workplace has a highly skilled employee base and an excellent track record in providing data networking solutions which, when combined with our national presence and network infrastructure, will increase tremendously the scope of end to end services we can provide to our customers."
Knapp concluded: "With the complementary strengths that Workplace provides, NTL will be in a position to increase the long term growth of our business services division and increase the long term value for our shareholders."
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