Digiweb acquires TalkTalk Ireland

Digiweb Group has acquired the TalkTalk telephony and broadband subsidiary of the TalkTalk Telecom Group PLC in Ireland and Belgium, adding to the Groups growing customer base.
TalkTalk customers will soon benefit from additional savings to their telephony and broadband accounts in addition to upgraded and expanded services as Digiweb are committed to reinvigorating the TalkTalk product range. Already delivering value on bundles and international calls, the upgraded services will introduce savings of up to 40% compared to Eircom, Vodafone and other operators for national, UK, and mobile calls.
Up to 20 additional staff will be hired to support the new offerings and services to customers. The company has begun recruitment in the areas of customer care, systems development, and finance.
Colm Piercy, Group CEO, commented “We are excited by the opportunity to serve TalkTalk customers and further enhance the services and savings they receive from us. We will continue to seek selective consolidation opportunities in the telecoms market to extract synergies and deliver value for our customers and the Digiweb Group”.
Three acquisitions have now been successfully completed by Digiweb Group in recent months, having acquired Smart Telecom in December and Internet Ireland in January. The company has moved swiftly to assimilate prior acquisitions, with all material integration, restructuring and efficiency stages now completed. Both Smart Telecom and Internet Ireland are now stable and cash-positive contributors to the Group. The TalkTalk brand will be retained through 2010.
While the terms of the transaction cannot be released, the Group now services 102,000 broadband and telephony customers in Ireland, UK and Belgium, with consolidated annual revenues in excess of €50m and in excess of €10m net operating profits.
About TalkTalk Ireland
The Carphone Warehouse Group PLC acquired Vartec in 2004 and Tele2 Ireland in 2005 and merged the two businesses to form TalkTalk Ireland. The Carphone Warehouse Group PLC subsequently demerged and the TalkTalk Ireland business was a subsidiary of the TalkTalk Telecom Group PLC.