Marconi, a global provider of advanced communications solutions, today announces that it has made a 5% strategic investment in HighSpeed Office ("HSO"), the provider of broadband communication services to small and medium sized businesses.
This transaction provides HSO with technical excellence from Marconi through the supply of network equipment, systems design, equipment procurement, and network rollout project management. This will enable HSO to accelerate its deployment of in-building networks.
ARC Associates ("ARC"), a specialist investment banking and advisory firm to the TMT, financial services and property sectors, acted as a financial advisor to both Marconi and HSO in this transaction. ARC is also an investor in HSO. Commenting, John Allen, the Chairman of ARC, "The involvement of Marconi in HSO, a company ARC has formed will underpin the technical capability of the company in its early stages. It is gratifying that a major system supplier endorses the HSO approach with this investment."
Marconi is a global communications and IT company with around 55,000 employees worldwide, supplying advanced communications solutions and the key technologies and services for the Internet. It has research and development facilities in 19 countries, manufacturing operations in 16 countries, and services customers in over 100 countries.
HSO installs the latest telecommunications infrastructure in multi-tenanted office buildings, offering a comprehensive range of communications services to tenants, including voice, high speed internet, secure email, video, web hosting and data services.
ARC Associates is a specialist investment banking and advisory firm to the telecommunications, media, technology, financial services and property sectors.
Contact:
John Allen, Chairman
ARC Associates
+ 44 (0) 20 7614 4000