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26 May 2022 Deals | Network Utilities

Freedom Fibre

Equitix is delighted to confirm an initial funding commitment of up to £84 million into Freedom Fibre, a next generation wholesale full fibre business, to continue to scale its full fibre network.

Their ultra-fast broadband service already operates in over 20,000 homes and with this sizable investment, they aim to provide this essential service to a further 70,000 people by the end of this year.

Hugh Crossley, Chief Executive Officer for Equitix, said:

“We are looking forward to investing in and developing Freedom Fibre’s network roll-out. Freedom Fibre is a strong business operating in an essential infrastructure sector that has a critical role in providing high-speed fibre-to-the-premises connectivity for both the people and the economy. Investing in Freedom Fibre further enhances Equitix’s network infrastructure that distribute essential utilities such as water, power, heat, high-speed data and internet access to over 6.3 million customers across the UK and Europe. Freedom fibre’s network roll-out will continue our aim to provide communities with affordable, high quality essential infrastructure.”

We are pleased to be partnering with Freedom Fibre as part of our long-term investment strategy. Thanks to the team at Freedom Fibre for all their support to date, and the hard work and dedication from our core team here in making this happen: James Mellish, Rebecca Collins, Theo Jennings and Achal Bhuwania

Equitix was advised by Cameron Barney and Shoosmiths.

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