Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Clearwater International has revealed that it has recently advised the shareholders of Orbital Internet Group Limited, an independent internet services provider, on its multi-million pound investment from Mobeus.
As part of the agreement, Orbital will use the investment to roll out high-bandwidth network connectivity for underserved rural regions, as well as installing fibre infrastructure into local business parks.
Darren Brown, CEO, Orbital, said: “The insatiable demand for data isn’t going anywhere and we have a significant opportunity to leverage our established position in Kent. With this new funding and Mobeus’s partnership behind us, we can achieve this with pace and agility.”
Matt Gordon-Smith, investment manager, Mobeus, added: “Orbital offers a critical service in a market with considerable demand drivers.
“We have been impressed by the business’s existing infrastructure and local knowledge in Kent, combined with the team’s entrepreneurial approach and technical knowledge. We are delighted to partner with them to deliver their vision for the next stage of Orbital’s growth.”
Orbital’s shareholders were advised by Clearwater International (Corporate Finance) and Capital Law (Legal).
Mobeus was advised by RSM (Financial and Tax), CIL (Commercial), Analysys Mason (Technical), Grant Thornton (Tax Structuring) and Squire Patton Boggs (Legal).
