InterQuest To Buy Remainder Of Fulcrum Telecom Subsidiary

LONDON (Alliance News) - InterQuest Group PLC Wednesday said that it has exercised its option to acquire the remaining 39.92% stake in its subsidiary Fulcrum Telecom Ltd that it does not already own.

The specialist recruitment company said that it expects completion of the acquisition to occur on March 27 or on a change of control on Interquest. InterQuest said last month that it is starting a formal sale process of itself, as part of a review of its options to maximise value for shareholders.

Fulcrum is a recruiter in the telecoms space, with a focus on businesses providing infrastructure. InterQuest said that the acquisition is consistent with its strategy of "focusing on the fastest growing opportunities in the web technology market place".

Shares in InterQuest were untraded Wednesday at 119.50 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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