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.
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.
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