Lloyds TSB Development Capital (LDC), the private equity arm of the UK bank, has invested £17.5m (€27.1m) in ADC, the wireless infrastructure firm, despite investor reticence about the wireless sector.

LDC's investment values ADC at £60m. ADC started off as a broadcasting company, but then moved into the wireless sector in the 1990s. It supplies and installs network infrastructure to the wireless and broadcast industries.

Lloyds TSB Development Capital invests £17.5m in wireless

Yasmine Chinwala

Motorola

Vodafone

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