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Keycom PLC
Keycom designs, installs and manages the network required to deliver high speed broadband and related services into high density (multiple occupancy) accommodation in the UK.
Completed Transactions - Keycom PLC
Sector:
Telecoms
Transaction Type:
Disposal
Date:
March 2015
Deal Value:
£17m

Oakley Capital Corporate Finance (‘Oakley’), the independent, pan-European, corporate finance firm offering specialist advice across the TMT sector, has advised the shareholders of Keycom plc (“Keycom”), a leading provider of broadband services, on a recommended offer by UKBNetworks (“UKBN”), valuing the entire issued and fully diluted share capital of Keycom at £13.3m. The offer was made by way of an Offer under the Takeover Code, with Oakley acting as Rule 3 advisor. UKBNis controlled by Hong Kong Telecom (“HKT”).

Keycom designs, installs and manages the network required to deliver high speed broadband and related services into high density (multiple occupancy) accommodation in the UK including universities and military bases. The business operates across attractive niche markets serving a large number of customers in higher education and key worker accommodation, military accommodation and the corporate sector. For the year to 30 September 2014, Keycom reported EBITDA of £0.72m and revenue of £6.86 million. The Offer has the support of 92.9% of Keycom’s shareholders.

*Completed by Oakley Capital Corporate Finance

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