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Redstone Telecom

Redstone is to acquire Comunica, the Middlesex-based network and communications infrastructure company with more than 300 staff, for £22m.

Redstone has acquired Tolerant Group, the Stoke-on-Trent-based network security solutions company with 36 staff, for £3.7m.

Redstone is planning to acquire Symphony Telecom for £17m, funded by a £20m share issue.

Redstone has acquired Xpert, the internet service provider, in a £25m reverse takeover.

Redstone, the virtual telecoms operator, is to double the size of its salesforce and increase its total headcount from 390 to 440.

Redstone Telecom is to launch high-speed internet access services in Southampton, Portsmouth, Newbury, Cambridge and Nottingham over the next few months, having reached agreement to set up DSL equipment outside British Telecom exchanges.

Redstone Telecom has acquired Dialnet, the internet service provider, for £15m.

Redstone Telecom is acquiring Fastnet for £40m, which will enable it to offer DSL high-speed internet services.

Redstone Telecom is in talks with BT Cellnet and One-2-One about plans to set up a virtual mobile telephone network, and a new service could be announced within months.

Redstone Telecom is raising £121m in a share issue in order to fund the development of fibre optic connections from its existing network to British Telecom exchanges and gain access to the local loop to homes and offices.