Redstone Acquisition History

6th March 2007:  Acquisition of Comunica

Amount: Up to £22m - £18m raised through placing, remainder through £3.5m shares

Rationale: Comunica was a key acquisition for Redstone, doubling the size of the Converged Solution division and giving Redstone the scope and scale that it needed to focus further on winning large IP infrastructure projects.  Aside from bringing on board a high level of knowledge and relationships, the acquisition of Comunica also removed a significant competitor from the converged solutions market.

Read Full Announcement



30th November 2006: Acquisition of IDN Telecom

Amount: £11.8m – funded through debt

Rationale: IDN brought an additional 2,000 customers and again increased critical mass within the Redstone Telecom & Mobile divisions.  The similarities of service provision meant that the IDN operation was easily integrated into Redstone’s existing systems.

Read Full Announcement



19th July 2006: Acquisition of Tolerant Group

Amount: £3.75m - £1.6m cash; £0.8m loan note; 25m new shares

Rationale: Tolerant was absorbed into the Managed Solutions division of Redstone.  Although a small acquisition it brought key skills & customers in the network security market, an area viewed as essential to the provision of managed solutions. 

Read Full Announcement



18th July 2006: Acquisition of Symphony Telecom

Amount: £17.3m – through £20m placing and £4.7m loan note

Rationale: Crucially Symphony gave Redstone a mobile offering – now Redstone Mobile which completed the “across the board” offering that the Group was looking for.  The fixed line telco element of Symphony also enabled the Redstone Telecom division to utilise the capacity of its BT line.  A further 8,000 customers were brought into Redstone by the addition Symphony.

Read Full Announcement



25th April 2005: Acquisition of Xpert Group

Amount: £25.5m – majority through £26m placing

Rationale: Increased scope of Managed Solutions & Converged Solutions offering. Brought key relationships and additional scale to Redstone

Read Full Announcement

If you are unable to find the information that you require please contact Redstone’s financial public relations team at ICIS, on 0207 651 8688 or email fiona.conroy@icisnet.com 

Please be aware that ICIS and Redstone plc are not able to give investment advice of any kind. Any enquiries of this nature should be made to an FSA regulated stock broker or financial advisor.