Luminet on track to hit 2017 reseller recruitment target

Luminet is well on the way to achieving its 2017 target of signing up 400 partners having already on-boarded 140 resellers following the recent launch of its partner programme and automated portal, a move that refocused its strategy on market execution.

Luminet owns its own core and wireless 400 sqkm London network and has heavily invested in infrastructure, transforming itself from a wireless business broadband ISP to an intelligent managed services provider.

The firm's average revenue growth rate is 24% per annum and EBITDA has grown 16% year-on-year to circa £1.1m.

CEO Sasha Williamson stated: "Having already agreed 140 partnerships, with many more in progress, we are well on the way to hitting our target.

"With our connectivity and compute products and our partners' expertise, we have a surefire recipe for success that will enable us to have our best year to date."

Earlier this month Luminet sold its 28GHz spectrum license to Arqiva to sharpen its focus on wholesale, intelligent connectivity and computing services.

Luminet has become one of the first registered partners of the Connect Westminster Scheme, the newly launched Connected Voucher Scheme in that helps cover up to £2,000 towards an SMEs one-off connection charge within Westminster and the West End Partnership area.

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