Infracapital in next UK fibre investment

28 February 2020 - 12:00 am UTC

Infracapital has made another move into UK fibre, agreeing an investment in the new Northern Irish broadband network operator Fibrus.

The manager’s fund, Infracapital Greenfield Capital Partners I, provided a GBP 1.85m loan to Fibrus last August. 

Details of the loan appeared for the first time in late February in a UK Companies House filing by Infracapital-controlled Ox Bidco Ltd. The loan was transferred by Infracapital Greenfield Capital Partners I to Ox Bidco in December, according to the filing. Infracapital Directors Thomas Crawley, Wael Elkhouly and Milton Fernandes are directors of Ox Bidco.

The filing does not give any details about whether Infracapital, which is the infrastructure equity investment arm of the investment manager M&G, has made or agreed an equity investment in Fibrus.

Infracapital declined to comment and Fibrus did not respond to a request for comment.

Fibrus was launched last summer by the Belfast-based telecoms and technology group b4b and entrepreneur Conal Henry, with plans to invest GBP 100m over the next five years in fibre for businesses and homes. B4b’s Chief Executive Dominic Kearns said at the time that it is looking to challenge incumbent UK telecoms provider BT in Northern Ireland. 

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