Indigo made it into the top megabuyte50 list!

Indigo Telecom Group was unveiled as one of the UK’s best performing privately owned technology companies by Megabuyte50.

Megabuyte view

Indigo continues to perform well with decent organic growth, margins and cash flow, doing very nicely particularly from data centre services for some well-known US tech companies. This has resulted in a maiden very strong Megabuyte Scorecard rating, and the current year should deliver more growth. Much of this can be attributed to the Belcom247 acquisition, and the company is looking for further deals to supplement the organic growth story, with the recent bank debt refinancing giving considerable firepower.

About Indigo

Indigo Telecom Group is based in Monmouthshire (South Wales) and designs, installs and maintains both fixed and mobile telecom networks globally for companies such as Nokia, Tata Communications and BT, and for enterprises on a project basis, whilst our managed services expertise are pan-European offering to telcos such as Vodafone, GTT and Zayo.

Indigo Management


More recently, in December 2019 the group acquired Irish company 4site. Backed by GCP, the acquisition by Indigo Telecom Group brings international expansion and scale, as well as a professional services capability that can be rolled out in the UK. The acquisition boosts current run rate revenues by around 30%, with a target of £50m for the combined group for fiscal 2020/21. Indigo also remains on the lookout for more M&A.

Learn more about Belcom247, 4site and the full history of Indigo here.

The company is experiencing strong growth across the board, and particularly in the pan-European data centre services business, where Indigo works for many well-known tech companies, fitting out racking, stacking, cabling etc in their data centres. Telecoms support services are very much in demand given ongoing high network operator investment in fibre and wireless networks (4G, 5G and IoT).


Megabuyte is the leading source of independent data and insights on UK technology and tech-enabled businesses, analysing the financial and corporate strategy of some 2,000 companies. Our independence, analytical rigour and sector expertise have made us an indispensable resource for many of the UK’s leading CxOs, investors and advisers in support of their origination, due diligence, M&A, benchmarking, competitor analysis and corporate strategy activities. Our proprietary insights and data are delivered online, through the Megabuyte database, analyst interaction and bespoke reporting.


The Megabuyte50 awards are part of the Megabuyte100 award series which collectively celebrates the 100 best performing technology companies in the UK. The Megabuyte50 awards recognise the 50 best-performing, privately-owned technology companies within the Megabuyte100 winning company universe. Companies’ performance is determined by their Megabuyte Scorecard rating – a proprietary, and wholly independent, benchmarking methodology that assesses companies’ performance against seven key financial KPIs. The rigour of the Megabuyte Scorecard methodology, combined with a specific focus on technology companies, have made Megabuyte’s award series the most influential and authoritative awards in the UK technology sector.

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