Engineering Firm Obelisk Acquire Telecoms Division of Balfour Beatty

Telecoms and civil engineering firm Obelisk (Constructel Visabeira), which is involved in the construction of some UK full fibre broadband networks, has today announced their acquisition of the telecoms division of international infrastructure group, Balfour Beatty.

The move, which follows Obelisk’s own acquisition by Constructel Visabeira last year (here), is said to underpin the company’s ongoing UK growth strategy to extend its service offering, technical capacity and scope for innovation in fixed line, mobile and energy services, along with the support of MJ Quinn and fellow subsidiaries.

As part of the deal, Obelisk will also be taking over the company’s existing headquarters offices in Southampton and will retain Balfour Beatty’s existing team of employees and partners.

Obelisk CEO, Ronnie Delaney, said:

“We are very pleased to welcome the telecoms team from Balfour Beatty, who together have delivered consistently in this sector for clients such as EE, Cellnex, Cornerstone and Vodafone.

Obelisk will continue to accelerate new growth opportunities in these sectors, going beyond connection to invest in and expand our skilled workforce across the UK and Ireland, and offer more complete solutions for our clients in new and existing markets.”

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