FirstCom Luxembourg (“FirstCom”) with operations in UK, Denmark, Germany, Austria and Poland looks to undertake a Pan European consolidation of Alternative Telco’s (old world telephony) and convert them to UCaaS (cloud based telephony).
Unified Communication as a Service (“UCaaS”) is a Business-to-Business (“B2B”) IT service which integrates and outsources to a third party, all the communication tools that employees use – including voice & telephony, audio & video conferencing, email, voicemail and instant messaging – allowing clients to save money on their total telephony spend by reducing both the initial capital expenditure outlay and recurrent maintenance costs. FirstCom believes it can save employers 25% – 40% on their total spend compared to traditional telephony providers.
FirstCom is owned and managed by a team of highly experienced Telecom professionals. They have worked together over the past 15 years having undertaken consolidation and transformational projects of European Telecommunication providers (GTS, Golden Telecom, Completel, BTC and Ventelo) generating over US$5b cash returns for their investors (Deutsche Bank, Goldman Sachs, JP Morgan, EBRD, Telenor, Baring Vostok, Alfa Group etc.)
FirstCom has a proprietary platform developed over the last 10 years, by two of the Group companies – VOIP.co.uk & FirstCom Denmark – providing Voice over IP and cloud telephony services which gives the company a distinct competitive edge and first mover advantage for the next 12 to 18 months.
The UCaaS market is developing rapidly as businesses move to outsource and improve communications systems.