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Monday, 30 March 2009

ATC hand forced over Rocom, chief claims

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 Monday 30 March 2009  Latest channel news 

Nimans head officeATC hand forced over Rocom, chief claims
Outgoing Alex Tupman claims conflict with resale division was not a factor in distributor divestment

Outgoing AT Communications (ATC) chief executive Alex Tupman has claimed the sale of Rocom was a "shame" and was fuelled by pressure from the City to reduce debt.
Rival telecoms distributor Nimans bought Rocom for £12.45m last week, ending months of speculation. Tupman claimed the process had taken several months longer than he would have liked.
He also indicated there had been no real conflict between running a distribution business alongside ATC's resale arm. He added that ATC's efforts to evolve the distributor away from being a "box shifter" had been successful. "Rocom was cash-draining because it grew so quickly – it was a chicken and egg situation," he said. "Selling it was a great shame, driven by demand from the City."



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