JT Acquires Worldstone to Form New Global Telecoms Alliance

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Published on Thursday, 02 August 2012 13:49

The JT Group (JT) has today announced the acquisition of Worldstone for an undisclosed sum. JT is a Tier One full-service global consumer and business enterprise provider based in the Channel Islands, with more than 110 years' experience in the telecommunications industry. It has now acquired Worldstone, a global provider of Managed Services including voice, data, network and contact centre solutions.

With presence and partnerships in more than 110 countries worldwide, the acquisition of Worldstone opens up implementation, management and support facilities for JT customers in the UK and many other global locations across Europe, Asia and the US. So meaning the JT Group will be able to further support its customers wherever they are, or choose to expand. Equally, Worldstone customers will benefit from JT's diverse product portfolio, support infrastructure and innovative services such as the high-speed fibre broadband ecosystem marketed as "JT Lab" and delivered through JT's world-leading Gigabit Jersey project.

The combined headcount of JT Group will now be in the region of 500 people with a global customer base in excess of 2,000 enterprise clients, thereby creating a major new force in the global telecommunications market.

JT's Chief Executive Officer, Graeme Millar, commented: "We are delighted to have completed the acquisition of Worldstone; it is a very important next step in our strategy to acquire complementary businesses that deliver synergy and profitable growth, as well as wider reach and an increased range of products and services all for the benefit of our customers. Our ongoing strategy is focused on becoming the partner of choice for global telecoms innovation.

Worldstone's proven track record in delivering global managed services to key sectors such as retail, business services, manufacturing, travel and transport and finance, will be very valuable to JT as we move further into this service line. They provide end-to-end ICT solutions for customers and we are very much looking forward to working with them further in that area."

Suresh Punjabi, CEO of Worldstone said "This is an exciting move for us, from both an employee and customer perspective. JT and Worldstone are a perfect fit and together we have a fantastic platform to continue to do what we are best at – but on a much larger scale. Our customers trust us to deliver deep technical expertise, continuous innovation and outstanding customer service and we are confident that JT will add significant value to these long-term relationships."

JT is dedicated to delivering world-class services covering domestic fixed-line through to leading-edge Data Hosting for the financial services and e-gaming industries. Its product range encompasses Voice and Data, Consultancy, Co-Location, Internet, Security, Cloud based data back-up, through to Mobile and Support Services. What's more JT is also the largest provider of Data Hosting services in the Channel Islands.

Worldstone has a proven track record in delivering global managed services to key sectors such as retail, business services, manufacturing, travel and transport and finance, will be very valuable to JT as the organisation continues to expand globally.

–ENDS-

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About JT

JT have over 110 years' experience in telecommunications and are dedicated to delivering world-class services. A full-service global consumer and business enterprise provider, JT provides end to end services covering domestic fixed land line, through to leading-edge Data Hosting for the e-gaming/finance industries and offers bespoke communication solutions with unrivalled customer support. To find out more visit: www.jtglobal.comand www.gigabitjersey.com

About Worldstone

Worldstone is a leading global independent managed services provider specialising in voice, data, networking, contact centre and collaboration solutions for companies worldwide. With a successful track record in delivering complex solutions, service and support to multi-national companies, presence in over 110 countries and more than 100 alliance partners; Worldstone's expertise is unrivalled in the market. To find out more visit : www.worldstone.com