This company provides wireless communication equipment to telecoms companies. The equipment is hardy enough to be installed outside and so is suitable for use in developing countries. As a result, Cambridge Broadband Networks has made sales to the African telecoms companies MTN Group and Gateway Communications, for which it is creating a mobile broadband network in Nigeria. Ten engineers from Cambridge University founded the group in 2000. It has raised £45m in backing from a private equity consortium that includes Amadeus Capital. Chief executive Graham Peel oversaw sales growth of 49% a year from £6.7m in 2006 to £22m in 2009.
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