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Vyke acquires telecoms carrier Iios
Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.
Established in 2003 to provide international carrier services to and from the developing world, Iios currently supports
Executive chairman of Vyke, Tommy Jensen, said the acquisition would provide the company “with additional headroom as we continue to grow the business at a considerable rate. This acquisition adds to our capacity and enables us to satisfy the increase in demand for our products.”
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