Business UK ISP Onecom Secures £30m Funding via HSBC Deal

Wednesday, May 8th, 2019 (8:52 am) – Score 233

onecom uk isp logo

Hampshire-based telecoms and broadband provider Onecom has announced that they’ve successfully secured a five-year funding deal worth £30 million from HSBC UK. According to the ISP, this extra money will enable them to “invest heavily” in both their “systems and teams.

Apparently the first project to benefit from the new funding will involve an upgrade to their IT systems and increasing the use of Artificial Intelligence (AI) to support its customer services division. There’s also talk of further jobs being created to fuel the company’s future expansion.

The Southampton office of national law firm Clarke Willmott acted for Onecom to help it secure the deal. Unfortunately that’s just about all the detail we’ve been given.

Ben Dowd, Onecom’s CEO, said:

“This funding from HSBC UK recognises Onecom’s huge potential for significant growth, building on our position as the UK’s leader in business to business communications technology for the UK SME.

Onecom’s success to date is built on strong partnerships with global brands, outstanding customer relationships and the agility to expand through acquisition while nurturing and growing our established customer base. The funding from HSBC UK reinforces our commitment to achieving that growth while placing strong customer relationships and outstanding solutions at the heart of everything we do at a local, regional and national level.”


Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: