Building on their respective successes over the past few years in providing business critical telecoms solutions, rival telecoms companies, Telinet and RGT, have merged their operations. The new group, which will be known as Telinet, is being backed by major city institution Investec Private Bank, to grow the combined business and to exploit the developments which IP technology will bring within the telecoms market.
The new company says that over the next year there will be a range of exciting product developments, helping to confirm the group as one of the leading providers in the marketplace. The initial solution, to be launched shortly, will allow existing PBXs to be VoIP-enabled, providing all the benefits from such technology, but without requiring the wholesale replacement of existing systems or commitment to large-scale capital expenditure.
Simon Hochhauser, Group Executive Chairman, said: "The combination of Telinet and RGT provides a springboard for our future growth, in its strong management, outstanding customer base and state of the art systems. The service ethos is at the core of both companies' success and we intend to build on that as we expand the business."
Simon Weatherseed, the new Group Chief Executive Officer said: "We look forward to working with all the group's customers and suppliers, to exploit the developments which IP technology will bring within the telecoms market."
Tony Cook and Mark Fitchew, the previous Managing Directors of Telinet, who will remain as shareholders in the group, said "We are proud of what Telinet has achieved and we feel this merger is in the best interests of the business moving forward and will ensure its further success."