Financing deal will allow telecoms business to increase efficiency, maximise sales and expand portfolio of products
London, 21 February 2013: GE Capital today announces that it will provide an equipment financing package worth at least £30m[1] over three years to 4Com, a leading provider of business communication services.
The company, which is one of the fast growing providers of telecommunication services in the UK, specialises in providing equipment and solutions for the UK's SME sector. Since 1999, 4Com has worked with over 8,000 businesses across the UK to deliver tailored communications services to support their business objectives.
The partnership with GE Capital will focus on supporting 4Com with its continued growth. The package will allow the company to sustainably expand the portfolio of products it offers to clients, and also achieve increased efficiency in its sales and leasing processes.
Daron Hutt, Managing Director of 4Com, commented on the deal: "Working with a partner like GE Capital has a number of advantages, not least the industry expertise and understanding that the team can bring to the table. Since we started working together, GE Capital has demonstrated a commitment to understanding our business and providing a solution which exactly meets our requirements."
Stephan Caron, Commercial Leader, GE Capital UK, commented: "We're delighted to be working with 4Com to maintain their momentum as a fast growing telecoms company. Our flexible solutions and deep understanding of the telecoms industry has allowed us to create a package which will help them to continue on their growth trajectory for years to come."
[1] $50m - GBP figure uses exchange rate on 06.02.13
Zoe Chambers Tom Steiner
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GE Capital EMEA
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+44-(0)-208-185-2494
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