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Telecoms

Satellite Solutions' CTO ups his stake

The company's CTO spent £192,500 buying shares at 7.7p a throw

Simon Clifton, chief technical officer of Satellite Solutions Worldwide Group PLC (LON:SAT), has upped his stake in the company to 6.3%.

Clifton recently bought 2.5mln shares in the company at 7.7p a throw, at a total cost of £192,500.

Shares in the company, which specialises in providing broadband services to rural locations, rose 1.6% to 7.75p on the news.