Beyon announced that its telecommunications subsidiary, Sure, based in the Channel Islands, has successfully completed its acquisition of Airtel Vodafone. The announcement, made on the sidelines of the Gateway Gulf Investor Forum 2024, aligns with Beyon’s strategic direction of expanding its international investments through organic growth as well as strategic partnerships and acquisitions. Present at the announcement were Shaikh Abdulla bin Khalifa Al Khalifa, Chairman of Beyon and Chairman of BTC Sure Group Company; and Andrew Kvålseth, CEO of Beyon.
The deal coincides with Sure’s £48 million investment in building a new world-class 5G mobile network, marking a transformational era for digital standards and connectivity for Channel Islanders.
Speaking on the occasion, Kvålseth said, “This acquisition is more than just an expansion it’s about bringing a whole new level of connectivity to the Channel Islands. Customers can look forward to faster, more reliable connections, while investors can be confident in our commitment to profitably grow Sure’s business. By investing in technology and infrastructure that truly transforms the digital experience, we’re supporting a stronger future for everyone connected to our network. I’d like to thank the team at Sure for their incredible effort in making this vision a reality.”
On their part, Sure’s executive team highlighted the clear advantages of this acquisition for customers and end-users, who are set to benefit from faster speeds, greater coverage, and an enhanced digital experience. The new mobile network will also surpass the latest security standards, positioning Guernsey and Jersey ahead of the UK mainland, and will benefit the environment as it requires a third fewer masts to operate.
Speaking from Sure headquarters in Guernsey, Alistair Beak, CEO of Sure Group, celebrated the development: “Today is an exciting day for the future of Channel Island telecommunications.”
“We want existing and new customers to know that the substantial investment we’re making will lead to significant improvements in connectivity, speeds, and coverage, as well as delivering value for money through innovative products and services. The new mobile network, complemented by our extensive fibre network, will enable us to stay ahead of future demand driven by increasingly digital lifestyles.”
Beak added: “We welcome the Airtel Vodafone team to Sure and look forward to working together, leveraging their skills and experience to provide our customers with exceptional service, and delivering on our purpose to connect our island communities for a better future.”
BNA(R)
