Centrica acquires B2B telecoms specialist

Centrica plc today announced that its telecommunications arm, Onetel, has acquired REDNET Limited, an internet service provider (ISP) focused on the small and medium sized business sector, for £5 million in cash.

Whilst Onetel is well established in the voice market, REDNET adds capability in data services by offering end-to-end internet solutions through products and services such as web hosting, virtual private networks and web security. This will allow Onetel to compete for higher value business customers.