Alderley Edge based Chess Telecom have secured a £21 million banking facility from Barclays Corporate to boost its acquisition strategy.
David Pollock, founder and Chief Executive at Chess, commented "2011 has already been a great year for Chess having been listed as one of the '100 Best Companies to Work For' in the Sunday Times, we're also one of the best companies to be a customer of, having just won the 'Institute of Customer Service Quality Service Provider of the Year'.
"Now we're one of the best companies to sell your business to, so if you know a telecoms business owner who's ready to hit the beach, make sure they give us a call."
Chess are one of the most successful consolidators of the telecoms market having made over 50 acquisitions to date. Established in 1993, Chess employs 130 people and offers a comprehensive communications product portfolio including mobile, fixed line and calls, broadband, VoIP and Data.
Richard Btesh, Chess Director added "The funding received from Barclays demonstrates the success of our strategy of acquiring small to mid-sized telecoms businesses. Barclays demonstrated clear understanding of our sector. Spending £21M in 2011 should keep me busy!"
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