Sunday, 26 May 2019

Infracapital secures 50% stake in SSE Enterprise Telecoms

By Chris Kelly, Total Telecom
Monday 01 April 19

The investment will help SSE Enterprise Telecoms fast-track its growth and develop its full fibre network in the UK

Capital investment firm Infracapital has acquired a 50 per cent stake in SSE Enterprise Telecoms, in a deal worth up to £380 million. Infracapital will pay an initial fee of £215 million and up to £165 million in additional performance related instalments…

Capital investment firm Infracapital has acquired a 50 per cent stake in SSE Enterprise Telecoms, in a deal worth up to £380 million.

Infracapital will pay an initial fee of £215 million and up to £165 million in additional performance related instalments.

SSE Enterprise Telecoms owns and operates a 12,000km fibre optic network in the UK, providing connectivity to a range of enterprise customers across the country. Infracapital has made a number of investments in the UK's telecommunications sector. Last month, the firm made an offer to buy a controlling stake in rural broadband specialists, Gigaclear.

Infracapital's acquisition of a 50 per cent stake in SSE Enterprise Telecoms will create a shared ownership structure, which Infracapital says will help to accelerate the company's growth.

"The partnership supports SSE Enterprise Telecoms’ commitment to innovation and new technologies which are re-defining the market. The business will be in an ideal position to propel its existing projects and partnerships in areas such as 5G, SD-WAN and smart cities. The investment also provides an opportunity to further enhance the company’s customer service and delivery approach which is already a core differentiator in the market," an Infracapital spokesperson said in a statement to the press.  

SSE Enterprise Telecoms will be attending this year's Connected Britain event in London. Held from the 18th – 19th June 2019, Connected Britain will bring together the key stakeholders from the UK's fixed line and mobile communications sector. Click here for a full agenda and to find out how you can be involved in the show.  

Also in the news:

UK consumers to be compensated for sub-par broadband 

BT set wield the redundancy axe, with 25,000 jobs set to go 

The UK's newest FTTH start-up lands £75m investment 

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