The Channel logo


By | Paul Kunert 27th June 2013 10:35

Daisy petals close around midge MoCo

Engulfs another chunk of mobile-air space along with it

Daisy Group has devoured Kent-based minnow MoCo Communications for an undisclosed sum to boost its challenged mobile distie operations.

This is the third buy Daisy has made in the mobile airtime channel; it swallowed Anglia Telecom Centres in 2009; and Fone Logistics a year later.

Founded in 1985, MoCo had operated as an independent wholesaler and reseller of biz mobile and telecoms, primarily with O2.

It also purveys fixed line and data products, trading with both channel partners and directly to end users, promotes Office 365, offsite backup and IT support.

Daisy has racked up the acquisitions since it kick-started a mid-market roll up of comms and tech services firms in 2009, taking on in excess of ten businesses.

The group recently reported fiscal '13 numbers ended March with sales edging up one per cent to £351.5m, despite Daisy completing two acquisitions in the year that contributed tens of millions to the top line.

The Distribution arm was hit particularly hard in the year with turnover declining £12m to £40m. This was on the back of a "reduced level of mid-term contract renewal incentives… [from mobile telco operators]".

In a barely quotable canned statement, Daisy Distribution boss Dave McGinn said the bolt on buy "shares obvious synergies" with his division.

In abbreviated P&L accounts for calendar 2012, MoCo had net assets of £782,000. ®

alert Send corrections



Tom Whipp

Insurance industry insider tells all
Crypto fingers
Kids on wall. Pic: US Army/Capt Emily Skolozynski


Better to play nicely than try to muscle in on territory
Microsoft:Decoded partner of the year 2015. Pic: Dominic Connor

Dominic Connor

Advertising oddness and what MS really wants you to know


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.