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Gamma Communications PLC on Friday said it is holding ‘preliminary’ talks with Epiris LLP and a consortium comprising Oakley Capital and Giacom, but stressed that there ‘can be no certainty that any offer will be made.’ In April, the Newbury, Berkshire-based provider of cloud communications and voice services said that it was in early-stage talks with a number of ‘potential offerors’. On Wednesday, Gamma named Rhode Island, US-based private equity firm Providence Equity Partners LLC as another interested party. Under UK takeover rules, Providence has until June 10 to make a firm takeover proposal for Gamma. The deadline for London-based PE firm Epiris and the Oakley/Giacom consortium is two days later, June 12. Oakley is a London-based PE firm while Giacom is a London-based IT service provider. Shares in Gamma closed 8.2% higher at 1,009.00 pence each in London on Friday for a market value of £913.6 million. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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