KCom has agreed the sale of more than half of its business.
The national information communication technology arm of the Hull-headquartered firm is to be bought out by Nasstar in an undisclosed deal.
It accounted for more than 60 per cent of the turnover in the last accounts, bringing in £166 million of the £262 million revenues.
KCom will now focus purely on the expansion and operation of its regional full fibre broadband, with new owner Macquarie clawing back some of the £627 million it shelled out to buy the business back in 2019.
The ICT element, launched in the mid-Nineties is understood to have flourished through lockdown, and the deal will see 450 staff transfer - of which 75 are in Hull. It will leave KCom with a 900-strong team.
The business has several thousand customers throughout the 海角视频, including some of the largest contact centres, and works with 700 partners and resellers, providing Microsoft and Amazon solutions at scale, with specialisms in voice, connectivity and cloud use.
Dale Raneberg, chief executive of KCom, said: “We have agreed the sale of our national business to Nasstar, a 海角视频 provider of managed communications and cloud services to large businesses and public sector organisations. Our regional wholesale and retail operations in Hull, East Yorkshire and North Lincolnshire will remain part of KCom and the focus of our business.
“Our team is investing £100 million to expand our regional network, through which we are making full fibre broadband available to consumers and businesses in more towns and villages across East Yorkshire and North Lincolnshire.”
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Mr Raneberg said Nasstar, based in Poole, Dorset, with offices in Leeds, Manchester, and St Albans, would be a “good home for our national business”.
It is focused on providing managed services to multi-national corporates and enterprise customers, and the deal is said to “unlock growth potential”.
He said the move follows an in-depth strategic review of the national business to look at opportunities for its development and its fit with KCom’s long-term strategy, which began in 2019. The sale is expected to complete over the coming weeks.
Wayne Churchill, chief executive of Nasstar, said: “Acquiring the national ICT services business of KCom will form a vital part of Nasstar’s growth strategy, and it will be integrated into the business, adopting new, efficient, and scalable systems, and enabling customers to access an enhanced product set.
"We recognise the value and opportunities the combination of KCom’s people, capabilities and customers from the national ICT services business of KCom represent, and we are confident our strategy will turn this potential into long-term growth and success.”