PNG wants to bolster business focus through acquisitions

After deciding to realign its focus on targeting the business services segment, Cincinnati-based service provider Power Net Global wants to bolster that new focus by acquiring other businesses that complement its own core business.

Of particular interest to PNG are service providers that have similar on-net/off-net customer bases in addition to VARs, equipment sales/installation and managed service operators. At this point, PNG is not sure about the amount of companies it would purchase, nor would it reveal how it would pay for these acquisitions.

"The purpose is to grow revenue, generate new sales opportunities and drive operational efficiencies for the combined entities," Stuart Chowning, PNG's business strategist said in an interview with xChange. "This is consistent with PNG's strategy to focus on SMB and enterprise business, but does not preclude the possibility of acquiring similar businesses in the residential space."

Although PNG is not abandoning its residential voice and data service customers, the service provider's main focus will be on crafting new offerings for business customers.

For more:
- see the release here
- xChange via PHONE+ also has this article

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