Listed alternative asset manager Foresight Group has invested an undisclosed amount in UK fibre network company F&W Networks.
Foresight said it has made a significant investment in F&W to help support the rollout of fibre-to-the-premise network.
F&W currently provides 185,000 premises with access to a hyper-fast and reliable internet connection and is in the process of expanding its fibre-to-the-premises infrastructure in 21 communities in the South of England including the Home Counties, Greater London and West Sussex.
The London-listed infrastructure and private equity investment manager said its investment will enable the acceleration of F&W’s network rollout, helping to further the latter’s ambition to pass 1m properties by 2025.
The investment in F&W is Foresight’s latest in the UK fibre broadband sector following recent investments in Lightning Fibre and Connect Fibre.
Anouska Morjaria, senior investment manager at Foresight said: “This investment reaffirms Foresight’s confidence and commitment to the fibre broadband sector.
“We are delighted to be making another investment and look forward to working with F&W Networks to help increase the rollout of its full-fibre-to-the-premise network, connecting businesses and homes to high-speed quality internet.”
Carlos Bock, executive chairman of F&W Networks, said: “We are extremely pleased to announce Foresight’s investment in F&W Networks; this endorsement by Foresight is a significant testament to the management team and the company.
“We are focussing on delivering next-generation digital infrastructure in the UK, and this partnership, with Foresight’s infrastructure investment capacities, will provide us with the ability to rapidly scale our roll-out.”
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