Announced
Completed
Financials
Sources
Tags
United Kingdom
fibre broadband
Telecommunications Equipment
Acquisition
Domestic
Minority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Equitix, a global investor, developer, and long-term fund manager of core infrastructure assets, completed the investment in Gigaclear, a rural full fibre broadband alternative network provider. Financial terms were not disclosed. “We are proud to partner with Infracapital and the Gigaclear team in delivering reliable, affordable, full fibre broadband to rural areas of the UK. In line with our strategic aims to support the UK’s infrastructure and essential services whilst positively impacting local communities, our investment here is a positive step towards generating connectivity for all. Fibre is essential infrastructure and we like the barriers to entry and predictable low risk revenues generated by Gigaclear, the largest rural altnet in the UK,” Hugh Crossley, Equitix CEO.
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