A TELECOMS firm has acquired its closest rival in a move which it says creates the largest UK player in its field. Hampshire-based Onecom has bought Olive Communications to form the largest business-to-business mobile, fixed-line and cloud specialist in the UK. Together, Onecom and Olive will provide services to more than 500,000 corporate and business users this year, generating combined annual turnover of more than £140million, an announcmeent said. The deal sees Olive’s chief executive, Martin Flick, become chief executive of Onecom Group. Darren Ridge, who founded Onecom in 2002 and has grown it to achieve annual revenues of more than £90m, remains a significant shareholder and will stay as a non-executive director.