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Virgin Money provides loan to communications specialist

Specialist Banking & Finance lawyers at Walker Morris have advised Virgin Money on its loan to communications specialist, Cellhire.

A mobile phone on the table

York-headquartered, Cellhire provides mobile voice and data and Internet of Things (IoT) communications service. The company works with a host of UK and international partners. It has built key partnerships with UK mobile network operators (MNOs) Vodafone, O2 and EE through established ISP agreements. It has developed international partnerships with more than 40 MNOs and rolled out its first full mobile virtual network operator on the Orange network in France.

Recently, the business has worked with China Unicom at the Beijing Winter Olympics and has established a commercial agreement with Qatari MNO Ooredoo for the FIFA World Cup.

Cellhire serves customers across multiple distribution channels including B2B, B2C, White Label, Partner and M2M/IoT wholesale airtimes from offices in the UK, Germany, France, Japan and the US.

Philip Scott led the Walker Morris with support from Laura Swift and Shaney Stevens-Neale.

Mike Selina at Virgin Money commented:

“We were delighted to facilitate LDC’s investment in Cellhire, a business renowned for its excellent customer service, led by an experienced management team who are well placed to continue its growth trajectory”

Philip Scott, Banking & Finance partner at Walker Morris added:

“We are pleased to have advised the team at Virgin Money. This loan will allow Cellhire to continue its investment in growing the business globally and we wish the team every success for the future.”



Banking & Finance

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Senior Associate

Banking & Finance

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