Obelisk secures investment of €6 million and aims to double turnover

The Cavan-based company aims to create 200 jobs over the next five years

Obelisk chief executive Declan O'Neill with Sinead Heaney and Andrew Bourg of the BDO Development Capital Fund

Cavan-based telecoms group,Obelisk, has secured a €3 million investment from the BDO Development Capital Fund and matching bank funding of €3 million, which it will use to double its turnover from the current level of €20 million over the next five years.

The investment will be used to drive Obelisk's expansion in the telecoms and power infrastructure sectors in the UK and South Africa and the company hopes to create an additional 200 ...