One of the early beneficiaries of telecom deregulation, Anglia Telecom has been installing telecommunications equipment such as switchboards, voicemail, faxes, and video conferencing equipment since 1984. In the past four years it has capitalised on the growing mobile phone market, moving into the sale and maintenance of mobile phone equipment. Growth has skyrocketed, going from £7.3m in 1994 to £37.3m in 1997 and Anglia now employs 234 people. Funding has come in part from William Smith, who in 1989 invested in the business for a majority stake, and became the Ipswich-based company’s chairman. Aidan Coughlan (title?) says it was worth giving up equity to fuel growth. But then, Coughlan is no stranger to sacrifice. After immigrating from Ireland, the soon-to-be-chief executive drove a cab and slept in it at night to save money to start his company.
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