45 Onecom

Doug Woodburn
clock • 1 min read

Revenue: £92m (+2%)

Net profit: -15.1%     Staff: 479

The headline number quoted at the top of this profile - covering calendar 2020 - does little justice to this comms provider's enlarged scale following its acquisitions of rivals Olive (£32m revenue) and 9 Group (£43m revenue) in February and March 2021, respectively. Vodafone's Strategic Partner of the Year, Hampshire-based OneCom also counts Samsung, Five9, Mitel, Gamma and Apple as strategic partners. In October it made its fifth acquisition under private equity backer LDC, grabbing Exeter-based IP Office.

Covid impact

As a telecoms provider, OneCom saw "strong demand" during the pandemic (with 2020 organic revenue "broadly stable"). It did admit, however, that global travel restrictions dented mobile roaming revenues by 90 per cent (or £1.4m). Hardware sales also fell £2m thanks to purchasing delays.

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