Northeast distributor Fone Logistics said this week it will ramp up its acquisition strategy in the coming 12 months, with a likely purchase of converged date and voice business on the cards.
Fone Logistics said in a statement: "The next twelve months are crucial in Fone Logistics’s deal-making trail, especially in broadening its range of products and services to compete in the burgeoning converged marketplace of data and voice products."
Fone Logistics wants to increase turnover by 20 per cent to £100 million by the end of next financial year.
Fone Logistics acquired rival airtime distributor Dexta from the 20:20 Mobile Group in June in an earn-out deal, as opposed to a cash purchase, that will see 20:20 take a share of Dextra profits down the line.
It has also retained its status as O2 ‘Advance’ Distributor, Orange ‘Federated’ Distributor, T-Mobile ‘Indirect Partner’ and 3 ‘Top Table Partner’.
Fone Logistics sales and marketing director Julien Parven said: "Our connections across all our networks have remained consistent thanks to our dedicated dealer incentives and support systems that make us a favoured channel distributor.
"The last twelve months have been a rocky ride in the mobile marketplace for many, but we have stuck to our ambitious growth plans and steered our own path.
"The approach has been very successful. We are now in pole position to continue to make acquisitions and grow further in both our home territory, and in the convergence marketplace.
"We have a tidal wave of new marketing activity and attractive dealer sales incentives ready for a very busy year."
Fone Logistics employs 110 staff and aims to increase its workforce in the next year.