Neos is new old name for SSE Enterprise Telecoms
SSE Enterprise Telecoms has revived a name not used for two decades for its rebranding.
Energy company SSE — which used to be Scottish and Southern Energy — will call the enterprise unit of its telecoms operation Neos Networks from this week.
Colin Sempill (pictured), who is CEO of SSE Enterprise Telecoms, will continue to lead the company under the revived name.
“Our new name, Neos Networks, embodies our mission to build a new network for UK businesses that has the specific high capacity, high resilience that they demand,” he said.
“As capacity requirements continually increase for businesses, there is a growing need for a new network solution to meet current and future demand, delivering much needed high bandwidth, high resilience services across the UK and Neos Networks will continue to deliver that network.”
Scottish and Southern Energy bought the original Neos Networks for £13.4 million in February 2003 and merged it into its wholesale telecoms business, then called SSE Telecommunications. Neos was one of the first telcos in the UK to launch ethernet services.
SSE said today that the latest rebrand marks the latest step in the company’s wider business transformation, which began in 2019 when Infracapital acquired 50% of the business.
It said the name “gives the company a clearer, more recognisable and relevant long-term identity in the telecoms market — independent from both of its investors”.
Sempill said: “With decades of experience and a relentless focus on customer experience our customers — many of whom are responsible for the UK’s critical national infrastructure — will benefit from one of the fastest growing high capacity networks in the UK.”
Infracapital, the infrastructure equity arm of M&G Prudential, struck a deal in December 2018 to buy a 50% stake in SSE Enterprise Telecoms for up to £380 million.