Satellite orbits multi-million pound deal for broadband company
£21m-turnover communications company Satellite Solutions Worldwide is set to acquire Driffield broadband specialist Quickline.
Quickline Communications, the fixed wireless broadband company based in Humberside, is being acquired in a £5m deal by the London-based business, who will spend a further £2m of investment to grow the business.
For the year ended 31 March 2017, Quickline generated revenue of £2.3m and EBITDA of £300,000.
Satellite is funding the deal through a share placing in which it hopes to raise £8.1m for t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
