DEAL MAKERS: Alex Pyatt of Withy King Solicitors, left, with Virtua UK directors Rob Brown, seated, and Brian Watt

LEIGH ROBINSON on a deal that will enable a telecoms firm to grow.

A WILTSHIRE-BASED mobile telecoms consultancy company has completed a management share buy-back deal that will allow it to expand its operation and increase its investment and development into pioneering telecom network technology.

Virtua UK Ltd, based in Wootton Bassett, employs 50 people providing mobile telecoms professional and engineering services for some of the country's largest firms.

The management share buy-back deal sees Rob Brown and Brian Watt now each owns 50 per cent of the rapidly expanding business which is on target to have a turnover in excess of £4m by this July.

The deal, which was negotiated by Alex Pyatt of Swindon-based Withy King Solicitors, will now see the firm provide a greater focus on developing their business in areas of strategic importance such as TETRA (TErrestrial Trunked RAdio) and next generation technologies.

Since the deal was completed, Virtua has made significant investment in its TETRA services, including the establishment of a RF (Radio Frequency) Solutions department that will launch an innovative optimisation solution later this year.

This solution will be utilised to enhance the performance of the network used by all the emergency services and other Government agencies.

Alex, head of corporate services at Withy King, said: "Rob and Brian are both highly-skilled telecom engineering managers and have been at the forefront of some of the most pioneering developments in mobile technology.

"This management share buy-back will enable them to expand the business and increase its offer and scope of service.

"Such deals are quite common but still require a high level of technical expertise and I'm delighted to have been able to help Rob and Brian."

Rob added: " We'd both like to thank Alex for his role in getting the deal sorted.

"The service offering of Virtua will remain the same. The deal will therefore allow us to tap into new revenue streams whilst consolidating our core business.

"We're also excited about the future. We hope to make the business more employee-based as well as investing more time in looking at new technology."

2:52pm Wednesday 7th May 2008

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