British entrepreneur Alastair Mills, who recently sold his latest venture, SpiriTel, to communications giant Daisy for £37 million, is at it again.

Mills is today debuting his new company, Six Degrees Group, and has announced that private equity firm Penta Capital (who also backed SpiritTel) has agreed to invest £60 million (roughly $94 million) in the business. Six Degrees Group is launching today with almost 100 staff and already serving over 1,200 business customers.

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