Hazlewoods is pleased to announce that we have advised on the recent financing deal for Full Fibre, which will enable the delivery of wholesale gigabit services, primarily across the West Midlands, Central and South West, to half a million more properties by 2025.
The deal between Full Fibre and specialist infrastructure investment fund Basalt Infrastructure Partners III (Basalt) will enable the expansion of the lightning-fast, gigabit fibre optic network to the first 100,000 premises in 2021 and at least 500,000 by 2025.
Full Fibre’s mission is to concentrate on working with a growing number of retail broadband providers to deliver transformative gigabit connectivity across previously underserved market towns; many other providers look to sell their services directly to consumers which can restrict consumer choice and competition.
Partner, Tom Woodcock said: “Given the past year and the major relocation of people from offices to working from home, there couldn’t be a better time for the development of this service.
“There has been a significant trend in private equity firms investing in challenger alternative networks, which can only be a positive for the future of the industry.
“We were very pleased to advise Full Fibre on this transaction and look forward to seeing their offering progress over the coming years.”
Full Fibre CEO Oliver Helm said: “We are delighted to have secured this deal with Basalt that will enable us to invest millions of pounds into much needed, new fibre infrastructure. Hazlewoods has been fantastic throughout the process, providing specialist knowledge and concise information to enable everything to run as smoothly as possible in a complex deal.”
If you would like to discuss financing for your business, please contact Tom Woodcock on 01242 237661 or email tom.woodcock@hazlewoods.co.uk.