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New Deal


Announced

USS to invest £295m in G.Network.

Financials

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Transaction Value£295m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Single Bidder

Private Equity

Internet

Private

Domestic

Friendly

Acquisition

Pending

broadband operator

United Kingdom

Synopsis

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USS, a pension scheme in the United Kingdom, agreed to invest £295m in G.Network, an Internet service provider in London. "High speed, reliable connectivity is critical to the home and work lives of Londoners. That’s why G.Network is undertaking a fundamental upgrade of the capital’s telecoms infrastructure from copper to fibre. We are rebuilding London’s broadband from the fibre up, bringing first-class connectivity to residents and businesses without expecting them to pay more. We’re very pleased to be working with USS, Cube and our banking partners on this project, and look forward to many years of successful partnership," Sasho Veselinski, G.Network CEO.

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