Aberdeen Standard Investments completed the acquisition of a majority stake in Airband from Amber Infrastructure.

Aberdeen Standard Investments, an investment company, completed the acquisition of a majority stake in Airband, a provider of rural connectivity services, from Amber Infrastructure, a fund and asset manager of infrastructure, real estate and sustainable energy projects. Financial terms were not disclosed. “We’re excited to welcome ASI to Airband and are genuinely looking forward to working with them and Amber to continue rolling out full fibre broadband to our rural communities. Their support and expertise means that we as a business are able to invest in and grow our teams to significantly scale up operations, bringing better connectivity to towns and villages that really need it and creating hundreds of jobs in the South West," Redmond Peel, Airband CEO and Founder.