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An update from Gamma Communications ( (GB:GAMA) ) is now available.
Gamma Communications plc has announced its acquisition of SF Technologies Holding GmbH, trading as STARFACE, to strengthen its position in the German cloud communications market. This strategic move aligns with Gamma’s ambition to challenge major German telecommunications providers by expanding its cloud PBX market presence. By integrating STARFACE’s advanced communication solutions and channel partner network, Gamma will significantly increase its reach in the German SME sector and enhance its competitive edge in Europe. The acquisition will add 210,000 cloud PBX seats, increasing Gamma’s German cloud seats to over 500,000, and facilitate the transition of on-premise SIP PBX users to cloud solutions. The acquisition, valued at €196m, is expected to be funded through Gamma’s cash reserves and a new credit facility, and is anticipated to positively impact Gamma’s earnings per share in the near term.
More about Gamma Communications
Gamma Communications plc is a leading provider of technology-based communication services in Europe, focusing primarily on the UK market. The company offers a range of Unified Communications, mobile, security, and connectivity services, targeting SME, Public Sector, and Enterprise markets through a network of trusted channel partners. With a vision for a better-connected world, Gamma is expanding its presence in Europe, specifically in Germany, Spain, and the Benelux region, to drive digital transformation and enhance customer communications.
YTD Price Performance: -7.97%
Average Trading Volume: 190,575
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.37B
For an in-depth examination of GAMA stock, go to TipRanks’ Stock Analysis page.
