Gamma Communications plc
- Market Cap (£m) 1004.7
- Listing LSE
- Quick links:
- Company Website
- Annual Report
- Latest Results Deck
Analysts
Company Descriptions
Gamma is a leading provider of Unified Communications as a Service (UCaaS) into the UK, Dutch, Spanish and German business markets (having built its European operations through acquisition), supplying communication solutions via its extensive network of trusted channel partners and also directly. Its combination of network investment, a digital-first approach and in-house development skills has enabled Gamma to develop a comprehensive portfolio of communications services with a significant amount of intellectual property. It offers flexible solutions and enjoys a collaborative culture with specialist expertise of business communications. Its connected communications offering relies on sophisticated, dependable and secure products and services. Gamma provides end-to-end control and technical integration of network services.
Investment Summary
Gamma is active in an exciting growth area of the telecoms market and its strategic positioning allows it to compete strongly. The group has now made six acquisitions that have established its presence in the Netherlands, Spain and Germany. We note that, together, the Cloud PBX markets in Spain, Netherlands and Germany represent an opportunity more than three times the size of that of the UK, representing ideal opportunities for Gamma. We also anticipate that the group will further expand its European presence via more acquisitions. Meanwhile, we expect Gamma to continue to benefit from its resilience in the current operating environment through a range of growth opportunities in both the UK and European unified communications markets.
Recent Content
Company Management Team
Andrew Belshaw
CEO
Andrew has served as Gamma’s Group Chief Executive Officer since 2022, having previously held the role of Group Chief Financial Officer. He has played a significant role in the Group’s growth and financial development, leading its evolution into a pan-European provider of business-critical communications technology.
Andrew began his career in audit and corporate finance at Deloitte LLP and Ernst & Young, where he advised a broad range of technology-sector clients. He subsequently moved into industry, joining Xansa plc in a business development role before joining Gamma in 2007 as Finance Director for the UK Channel business.
He holds a first-class degree in Mathematics from St John’s College, Cambridge and an MBA from Warwick Business School. He is a Fellow of the Institute of Chartered Accountants in England and Wales.
Damien Maltarp
Chief Financial Officer
Damien was appointed as Chief Financial Officer in 2026, having joined from London Stock Exchange Group plc (LSEG) where he was Group Financial Controller. He has significant telecoms and capital markets expertise, underpinned by more than 15 years’ senior leadership experience across a broad range of financial disciplines.
Prior to joining LSEG, Damien spent over ten years at BT Group plc, including roles as CFO of BT Enterprise, their UK B2B division, and as CFO of BT Wholesale & Ventures. He originally joined BT in 2010 as Investor Relations Director, leading the function for four years. Earlier in his career, Damien spent ten years as an equity analyst in the telecoms sector, including roles at Credit Suisse, JPMorgan Cazenove and Bank of America.
Damien is a fellow of ICAEW and has a degree in Economics and Management Studies from Cambridge.
Other roles: Non-executive director and Audit Committee Chair of The Mercantile Investment Trust plc
