Macquarie Asset Management, on behalf of its institutional clients and managed funds, has provided £100 million of debt financing to Community Fibre.
Community Fibre builds, owns, and operates a full-fibre network in London, delivering fast and reliable broadband to more than 720,000 customers. It is the capital’s largest full-fibre broadband provider, using fibre-to-the-property (FTTP) one of the most advanced internet connection technologies available, to deliver speeds of up to 10,000 Mbps for businesses and 3,000 Mbps for households.
This funding, which forms part of a £985 million financing package, will enable Community Fibre to accelerate the roll out of its network to more than 2.4 million properties across London and its surrounding areas by the end of 2024.
Tom Van Rijsewijk, Managing Director at Macquarie Asset Management, said “With the increasing digitisation of our society and economy, access to faster and more reliable broadband has never been more important. We are very pleased to be able to provide this financing to Community Fibre, offering an opportunity for our investors to help more communities across London access ultrafast broadband.”
This investment marks the team’s first financing to a UK fibre network operator. The transaction follows a suite of investment activity in the EMEA region’s digital infrastructure sector, including a €125 million debt investment to support SIRO’s network expansion in Ireland.
