Wave says business as usual for Newtel clients

A MAJOR reason behind Wave's purchase of Newtel Guernsey was its strength in the e-gaming and e-commerce markets, Wave's managing director said.

Tim Ringsdore (pictured) discussed the deal yesterday and assured Newtel customers that it would be 'business as usual' for the management of their accounts.

Newtel was the second largest provider of hosting facilities for the e-commerce and e-gaming markets, which have seen rapid growth in Guernsey during the last few years.

'The data hosting centres were quite a large part of the deal,' Mr Ringsdore said. 'They primarily support e-gaming and e-commerce clients and that's an area of the business that is still growing.

'We have already committed to a multi-million pound investment to develop one of the centres. The e-gaming clients use a lot of bandwidth and they require reliable and resilient connectivity and that is what we can provide.'

Newtel was also the second biggest provider of broadband in the island - a position Wave now inherits.

'We have grown our market share,' Mr Ringsdore said. 'We will have about 25% of the market share with the extra Newtel customers.'

He said there were currently no plans to change any of the services Newtel customers received.