Mono Consultants secures £7m from BGF to fund expansion
BGF provides £7m in growth capital for a minority stake in the network support provider.
Mono Consultants is a Glasgow based provider of network support services to the mobile telecoms sector across the UK and Ireland.
Mono Consultants has secured £7m in growth capital from BGF to support its ongoing expansion across the UK and Ireland. Headquartered in Glasgow, the company provides end-to-end network support services to mobile telecoms operators, including site acquisition, design, rigging, and maintenance.
The business employs over 200 people across eight locations and forecasts a turnover of £40m for 2014. Following the investment, BGF Investment Director Duncan Macrae has joined the company board as part of a minority stake acquisition.
From the founder
"The mobile telecoms market is currently experiencing a period of unprecedented activity driven by a combination of the introduction of 4g services and the consolidation of the operators’ radio networks as they strive to improve customer experience through both coverage and quality of service whilst controlling and minimising their future operating expenditure."
Brian Dougherty
CEO at Mono Consultants
Investor perspective
"Mono is a market leader that has maintained long standing relationships with its customers thanks to its reliable service and its ability to react quickly and adapt to change in the telecoms market. We look forward to working with Brian Dougherty and his experienced management."
Duncan Macrae
Investment Director, BGF
Use of funds
- 01Scale operations
Investors
Categories
About the company
Mono Consultants
Mono Consultants delivers network support services for mobile telecoms operators.