Vyke acquires telecoms carrier Iios

Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.


Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.

Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.

Established in 2003 to provide international carrier services to and from the developing world, Iios currently supports UK and international service providers. The company posted gross revenues of £2.3 million last year.

Executive chairman of Vyke, Tommy Jensen, said the acquisition would provide the company “with additional headroom as we continue to grow the business at a considerable rate. This acquisition adds to our capacity and enables us to satisfy the increase in demand for our products.”

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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