IN BRIEF: Duke Royalty Invests In Welltel To Support Intellicom Buy

Mon, 10th Aug 2020 12:14

Duke Royalty Ltd - London-based royalty finance provider - Makes follow-on investment of GBP3.0 million into Dublin-based telecoms and IT firm Welltel Ireland Ltd. Investment will allow Welltel to acquire Intellicom Ireland Ltd, and is expected to be accretive to Duke's earnings, delivering higher distributions of GBP1.8 million per annum. Intellicom provides internet protocol telephony services in Ireland.

Current stock price: 29.00 pence

Year-to-date change: down 42%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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