The sale will allow KCOM to focus on its core strategy as a regional provider of fibre broadband to retail and wholesale customers across Hull, East Yorkshire and North Lincolnshire, it said.
“The sale of our national business reflects a refocusing on our core priorities of expanding our regional network, developing our wholesale business and providing high quality, award-winning services to our retail customers across Hull, East Yorkshire and North Lincolnshire,” said KCOM chief executive Dale Raneberg.
“During the past 18 months we’ve invested in new capabilities and created new jobs making full fibre broadband available for the first time to homes and businesses in 19 towns and villages across East Yorkshire and North Lincolnshire as part of a £100m investment in our network.
“Now customers from Bridlington to Selby, and from Driffield in the north to Barton Upon Humber, Brigg and Barrow on the south banks of the Humber, are connected to our world class full fibre broadband and enjoying the many benefits it brings.
“We’re looking forward to bringing better broadband to even more communities in the months and years ahead and continuing to make a positive contribution to the success of the region.”
Mr Raneberg added: “As a local company with deep roots stretching more nearly 120 years in this region, we’re committed to playing a major part in making this a great area to live and work through both our investment in vital infrastructure and our various community grant and support initiatives.”
The deal to sell KCOM’s national business to managed services specialist Nasstar was originally announced on 25 June, 2021.
Nasstar, which is headquartered in Poole in Dorset but also has offices in Hull, Wakefield, Leeds, Exeter, Ipswich, Reading and Malaysia, provides services from cloud computing to networking and communication solutions to organisations including multi-national corporates and public sector bodies.
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