OCU Group acquired stake in InICT Limited
OCU Group Limited (OCU) has announced the acquisition of a majority shareholding in InICT Limited in the UK.
OCU northern operations O'Connor Utilities Limited will invest in InICT. The investment in InICT represents the latest step in OCU's growth plans and will further expand its telecommunications footprint, as well as support customers such as CityFibre, Virgin Media and KCOM, which provide next-generation communications for homes and businesses in the UK.
InICT installs fiber-optic cable for infrastructure clients across northern England. The company's income is GBP10 million (US$11 million) for each of its last reports.
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