Demerger creates two businesses out of AIM-listed Redstone Group

Redstone Group has demerged its network-based managed services business so that it can begin operating as a separate entity.

Six Degrees Group makes geographical play by acquiring London-based colocation business

Data services company Six Degrees Group has closed its thirteenth acquisition since its October 2011 launch.

Alastair Mills on Six Degrees Group’s thirteenth ‘final puzzle piece’ acquisition

GrowthBusiness catches up with Six Degrees founder and serial entrepreneur Alastair Mills to find out how his business has been bedding in its numerous acquisitions and what its latest purchase adds to the company.

Roman Abramovich flexes his investment muscles with £70 million Truphone deal

Chelsea Football Club owner and Russian oligarch Roman Abramovich has ploughed £70 million into UK-based mobile telecoms business Truphone.

Business Growth Fund backs youngest company to date through telecoms deal

The bank-backed Business Growth Fund has made its second telecoms investment through a backing of Bullitt Group.

Enterprise Ireland teams up with Kernel Capital to back Amartus

Kernel Capital has closed a new deal through the Bank of Ireland Seed and Early Stage Equity Fund.

Nokia Growth Partners dials up new $250 million allocation for mobile investment

The corporate venture arm of mobile phone manufacturers Nokia has unveiled its third investment fund and set aside $250 million (£159.1 million) for deals.

Lookout partners with Orange through investment to bring smartphone protection to UK EE and T-Mobile customers

Mobile network Orange has made an investment through its Orange & Publicis strategic venture capital initiative.

Rural internet business Gigaclear gets capital to target new communities

Gigaclear is now charged to increase its roll-out of fibre-to-the-home broadband networks in rural communities after receiving new funding.

Corporate venture round for Neul takes its total fundraising total to £11.1 million

Wireless communications business Neul has raised £3.1 million at a 25 per cent increase to its price per share in November 2011.

Six Degrees plugs gap in business with Aurora buy

Venture capital-backed Six Degrees Group has made the 12th acquisition of its 18-month lifetime.

New $19 million round brings new backers to Ubiquisys

Ubiquisys has taken its total venture capital fundraising to $81 million (£51.7 million) and attracted two new investors.

MDNX grows sales to £85 million with Griffin buy

A Thames Valley-based company that helps businesses and government bodies manage their voice and data networks has accelerated its growth by acquiring another British business.

Doing it the hard way

The story of Lebara’s CEO Ratheesan Yoganathan provides proof you really can build a business from nothing – but you’ll need guts and charm in abundance to pull it off. GrowthBusiness finds out how the Sri Lankan-born entrepreneur cracked the international telecoms market.

Maven exits Nessco Group to NASDAQ firm RigNet

Private equity firm Maven Capital Partners has exited its investment in Nessco Group by way of a trade sale.

Powwownow acquires Conference Genie

The provider of free conference calls is looking to strengthen its grip on the UK market with the acquisition of a rival company.

Openet in Japanese-backed Series D round

The Dublin-based provider of software for telecoms companies has raised funding from investors led by Japanese IT business NS Solutions.

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Gradwell secures capital for ambitious growth plans

The company, which was started by Gradwell while at university in 1998, now has a turnover of £5 million and provides services to 12,000 small businesses in the UK.

Orange and Publicis team up on new VC fund

Following in the footsteps of Telephonica, Orange is launching its own venture capital fund alongside Paris-based Publicis.