Opal Announces Acquisition of Channel Partner V Networks

Opal, the B2B division of The Carphone Warehouse Group today announced the acquisition of its former long term partner V Networks. The move is part of an ongoing strategic plan to strengthen its position in the channel and become the partner of choice. The alliance will offer a new level of commitment to the channel providing partners with greater rewards and a quick return.

Nathan Stenson Director of Opal’s Wholesale & Indirect Channels said: “Opal is delighted to announce the acquisition of V Networks. We will be working with the same team to deliver the next earn out program for channel partners, representing the fastest and best guaranteed buyout offering in the market.”

Channel partners will continue to have accounts with V Networks and benefit from the extensive product portfolio, back-end online portals and professional account management that they have come to enjoy and expect from V Networks.

“Opal brings with it the substantial resource of a FTSE 250 company. It is also the third largest operator in the UK,” said Mark Shraga, Sales Director at V Networks. This acquisition provides our partners with the opportunity to maximize their returns and margins not only through Opal’s traditional services but also through new compelling next generation propositions.”

Stenson concluded, “We have always worked very closely with the channel to provide not only the best technologies, through elements such as our next generation network, but also the best partnerships and deals.”