Gresham House-backed Telcom Group, an internet service provider, completed the acquisition of Luminet, a wireless network operator. Financial terms were not disclosed. “The board of Telcom are delighted to be working with the team at Luminet whose London footprint and strong channel proposition will complement and integrate into Telcom’s network infrastructure and provide a platform for our product portfolio of applications, products and services aimed at the business market,” Christopher Baldock, Chairman Telcom Group.