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GAMA

Gamma Communications

Telecommunications

Index
FTSE 250
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Gamma Communications provides cloud-based communications services to businesses and public-sector organisations. Its products include voice, unified communications, mobile and connectivity services sold directly and through channel partners.

02

Key activities

Cloud telephony, SIP trunking, unified communications, contact-centre services, business mobile, connectivity and managed communications platforms.

03

Key markets

The UK and selected European markets, particularly Germany, Spain and the Netherlands, serving SMEs, larger enterprises and public-sector organisations.

04

Key drivers

Migration from legacy phone systems to cloud communications, recurring subscription revenue, European expansion, customer retention, acquisitions, cross-selling and operating cash generation.

05

Key risks

Intense telecoms competition, technology shifts, customer churn, integration of European acquisitions, copper-network migration costs, cyber risk and uncertainty created by takeover approaches.

06

Recent Developments

8 July 2026: the Takeover Panel extended Epiris's deadline to make a firm offer until 5 August while Gamma remained in discussions with potential bidders. Takeover interest has been a significant 2026 share-price driver.

07

Dividend notes

Pays interim and final dividends. The 2025 final dividend of 14.8p went ex-dividend on 28 May 2026 and was paid on 18 June. Gamma intends to hold dividends at FY2025 levels for two years while also conducting substantial share buybacks.

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