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Nexit Infocom II raises €75 million

Nordic venture capitalist firm Nexit Ventures has announced the second closing of its Infocom II fund at €75 million (£63 million). Fundraising Deals / Tuesday, 18th November 2008

Vodafone extends Australian coverage

A UK mobile phone giant has expanded its operations in Australia after buying part of a local retailer. Vodafone now holds a stake in Crazy John’s, following a distribution agreement that the two companies formed last year. Mergers & Acquisitions / Thursday, 4th September 2008

Smiths heads Down Under

A London-based technology group has expanded its expertise in the wireless communications market after buying an Australian electronics firm. Smiths Group, which employs more than 20,000 people in 50 countries, has bought Brisbane-based components manufacturer Triasx. Mergers & Acquisitions / Tuesday, 1st July 2008

Investment rings changes at NESSCO

Management at an Aberdeen-based telecom company is to expand its operations internationally after securing some £15 million from a syndicate of investors. NESSCO, which provides its services to the oil and gas industry, received £4 million from Aberdeen Asset Managers Growth Capital and the Scottish Venture Fund. Fundraising Deals / Wednesday, 4th June 2008

Imagine acquires Irish Broadband

Irish telecoms group Imagine Communications has acquired internet service provider Irish Broadband for €47 million (£37 million) in a debt-free deal. The merged business will have revenues of over €100 million. Mergers & Acquisitions / Friday, 2nd May 2008

MD leads Axial buy-out

The managing director of networking specialist Axial Systems has led a buy-out at the company. Ash Hussain was joined by finance director Graham Linney in buying Axial, which supplies networking systems to the financial services, telecom and public sectors, for an undisclosed sum. Mergers & Acquisitions / Friday, 11th April 2008

Optilan acquired in NVM-backed MBO

NVM Private Equity has backed the management buy-out (MBO) of Coventry-based telecoms network provider Optilan. The firm has invested more than £5 million in the MBO, which is led by Optilan’s CEO and co-founder Richard Buckland. Mergers & Acquisitions / Friday, 4th April 2008

Artilium buys Trisent Communications for £1.7 million

Telecom software specialist Artilium has acquired Trisent Communications, which helps mobile network operators tailor services based on the geographic location of their clients’ mobile phones, for £1.7 million. The consideration was satisfied in £460,000 cash with the balance paid in some 1.24 million shares. Mergers & Acquisitions / Monday, 11th February 2008

Venture debt funds European expansion for The Cloud

Wireless broadband provider The Cloud has received financing from venture debt provider Noble Venture Finance (NVF), including a loan facility of €6 million (£4.5 million). The news follows last week’s announcement of The Cloud’s acquisition of GlobalAirNet, a German provider of wi-fi services to hotels. Fundraising Deals / Wednesday, 30th January 2008

Electranet buy-out backed by Zeus Private Equity

The managing director of a Hampshire-based IT services specialist which supports the Ministry of Defence and the NHS has bought the shares of his co-founder in a deal worth more than £22 million. Electranet (UK) has been acquired by Andy Richards, who established the business with Andy Crouch 12 years ago. Mergers & Acquisitions / Wednesday, 23rd January 2008

Latest Deals: Telecoms