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Announced

Radius to acquire Pure Telecom.

Synopsis

Radius Payment Solutions, the group behind the telematics and fuel card brands Kinesis and UK Fuels, agreed to acquire Pure Telecom, a telecommunications company that provides low-cost broadband and phone services to residential and business customers. Financial terms were not disclosed. “Radius has acquired a highly reputable business in a sector where we see huge potential for an offering to our core customers alongside their fuel card and telematics products. We look forward to working with the team at Pure Telecom to continue building Radius’ successful telecoms division, which currently comprises Adam Phones and echo telecoms,” Bill Holmes, Radius Chief Executive.

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