New Zealand owned and operated Compass Communications Limited has reached a conditional offer to acquire the Ultra-Fast Broadband (UFB) business of Ultracom, which provides telecommunications services to customers in the Northland region, using the Northpower Fibre network.
Compass Communications already provides telecommunications services at highly competitive prices to customers in Northland, as well as thousands of homes and businesses throughout New Zealand.
CEO of Ultracom, Neville Montefiore, says: “We believe the sale of our UFB business to Compass is a great outcome for our customers, particularly because of the wide range of new services that Compass is able to provide at competitive rates.”
CEO of Compass Communications, Karim Hussona, says: “We work closely with Northpower Fibre currently, and have an established wholesale relationship with Ultracom. We are excited to have the opportunity to acquire Ultracom’s UFB business which they have built up over the past four years.
“As a Kiwi-owned and operated telecommunications provider, we are big enough to make a difference, but small enough to care, and we truly believe this will have a positive impact for the Ultracom UFB customers that we have acquired. We have all the efficiencies of some of the larger providers, but are small enough that each and every customer and their experience with us is a top priority. Our customer support team is New Zealand based, ensuring we are utilising New Zealand people and providing a local service.
“We are working closely with Northpower Fibre and Ultracom to ensure a smooth transition over the upcoming month, and that all Ultracom customers continue to receive an uninterrupted and reliable service.”