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23/01/2006

Redbus Interhouse and TeleCity Merger Declared Wholly Unconditional

London, 23 January 2006 – Redbus Interhouse plc and TeleCity plc, today announce the successful completion of their merger following the recent acquisition being declared fully unconditional. The combination of Redbus Interhouse and TeleCity brings together two of the strongest players in the industry to create Europe’s largest independent colocation provider.

Management of the combined company includes executives from both organisations. Mike Tobin will lead the combined company as CEO. Former Redbus Interhouse CFO Carl Fry and former TeleCity directors Trevor Wadcock and Matthew Gingell will complete the new executive team.

The company is also pleased to announce that with immediate effect, Adriaan Oostoek, former Country Manager, Redbus Interhouse Netherlands will be heading up the combined Redbus Interhouse and TeleCity operations in UK & Eire comprising of seven sites throughout London, Manchester and Dublin.

Mike Tobin, CEO, commented, “'We’re excited that the Offer is now declared unconditional in all respects and I am very much looking forward to working with the new team in taking the combined business to the next level.”

 

TeleCity

James Tyler

Tel: +44 (0)20 7519 4858

Email : mediaenquiries@telecity.com


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