Telecoms sector heating up again

The Telecoms Sector has seen a flurry of activity in recent months with new acquisitions and investments being announced almost daily.  Here is a roundup of a few of the deals which caught our eye over the last couple of weeks.

Daisy Completes On Alternative Acquisition

The Daisy Group recently announced the completion of its acquisition of Alternative Networks plc Aa part of its continuing corporate acquisition strategy.

Daisy Group believes Alternative Networks represents a strong and complementary fit with its existing business and operations and this latest acquisition builds upon the Group’s recent acquisitions of Damovo UK and Phoenix IT in the managed services sector and will further strengthen its mobile and fixed line product and service offerings.

In addition, the acquisition will further increase the Group’s scale, providing efficiencies for the combined businesses as well as improved cross-selling opportunities.

The acquisition valued Alternative Networks plc at £184m.

Virtual 1 Seures £10M in new funding from Business Growth Fund

Virtual1, a London, UK-based cloud and connectivity service provider, secured a £10m investment from Business Growth Fund.

The company, which according to latest accounts had annual revenues of just under £18M, intends to use the funds to invest in additional network infrastructure, and support its longer-term growth plans.

Founded in 2007 , Virtual1 delivers cloud and connectivity services exclusively to the wholesale market, aggregating its own London-based network with networks from other carriers onto a single scalable platform.

As part of the investment Phil Male (formerly Chief Strategy Officer at Cable & Wireless) has joined the company’s board as Non-Executive Director.

Calculus Capital provides financing to Origin Broadband

UK-based Origin Broadband, a provider of internet and phone services, has secured 3 million pounds in funding from Calculus Capital, the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist.

Origin Broadband, the award-winning provider of internet and phone services, was formed in 2011, and has the sixth largest broadband network in the UK based on ‘premises passed’.

The investment by Calculus will allow Origin to hire new staff and will be primarily used to expand its sales team to develop new business across the UK.

That is just a few of the deals reported recently but there are many more.  If you think your business would benefit from additional funding or you are looking to acquire or be acquired get in touch with us here.

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