Mobile operator Three has announced that it has acquired UK Broadband - the company behind wireless broadband service Relish, and will get its 15,000 customers as part of the deal.
UK Broadband specialises in wireless home broadband and local LTE networks. Relish is its most well-known brand - a superfast 4G broadband option that covers central London, but the company also operates public sector networks in Reading and Swindon.
So how much does a wireless broadband company run you these days? Three picked up UK Broadband for a cool £250 million, and plans to fold the business into its main unit. That means it'll pick up the company's 15,000 customers, but that's not the only benefit.
Three will also get access to UK Broadband's spectrum holdings, something that will prove invaluable for delivering 5G services in the future.
The CEO of Three, Dave Dyson, said: ""UK Broadband gives us an opportunity to expand our ambition to provide high quality and great value internet connectivity for UK consumers."
The company's latest acquisition comes after Three was blocked from buying O2 back in 2015. The deal, worth a massive £10.5 billion, was blocked by European competition authorities, leading the mobile operator to seek new avenues for growth.
Source: The Inquirer