Kcom (LSE:KCOM)
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From Apr 2019 to Apr 2024

KCOM Group PLC (KCOM.LN) said Monday that it has signed a strategic agreement with BT Group PLC (BT.A.LN), which will see KCOM extend its network reach through access to BT's national network, and outsource the management of its network assets to BT's wholesale division.

MAIN FACTS:

-Through this agreement with BT, KCOM will reduce the ongoing fixed costs and capital expenditure associated with the management of its network infrastructure.

-The retention of KCOM's existing fibre access network, coupled with access to BT's network scale and service capability, will position the KCOM Group very strongly in the provision of communications services to its target markets.

-The managed network services agreement with BT will see the phased and controlled outsource of the management of KCOM's U.K. network operations to BT over the next few years, with the initial stage of this work being completed in Sep.

-BT will manage, maintain and enhance network operations, network management and vendor management on KCOM's behalf, allowing KCOM to focus on meeting the needs of its customers.

 
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com