Fladgate LLP has advised Satellite Solutions Worldwide Limited (SSW) and its management shareholders on its acquisition by Cleeve Capital plc (by way of a reverse takeover) and the admission of the combined group to trading on AIM under the name of Satellite Solutions Worldwide Group plc. At the same time, the company raised £2.3 million by means of a placing and had a market capitalisation of £13.9 million on admission.
SSW, operating principally through its Europasat brand, provides satellite-based broadband internet connectivity in the UK and throughout Europe. Its use of satellites enables it to provide fast, reliable broadband in rural areas and one-off and emergency situations where traditional wired broadband may not be available.
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