Amber Infrastructure Group (‘Amber’), the specialist international infrastructure investment manager is pleased to advise that Community Fibre Limited (‘Community Fibre’) has today announced an investment of up to £400 million by funds advised by Warburg Pincus LLC (‘Warburg Pincus’) and Deutsche Telekom Capital Partners (‘DTCP’), alongside existing investors Amber Infrastructure and RPMI Railpen.
Community Fibre is an internet service provider rolling-out fibre optic broadband networks across London. Its mission is to empower communities through offering more reliable and affordable connections opening up new opportunities to these communities, and to make London a Gigafast city, a key UK government target. Having successfully passed this milestone, Community Fibre today announces that it will accelerate the roll-out of full-fibre broadband to 1 million households by 2023, delivering critical digital infrastructure.
Gavin Tait, Chief Executive Officer, Amber Infrastructure, said: “Today’s investment marks two important milestones in the fund: the attractiveness of UK digital infrastructure and its ability to leverage significant amounts of capital; and through Amber’s engagement with our portfolio companies, boosting connectivity and internet speeds in order to enhance productivity across the UK.”
Chris Hogg, Investment Director, Amber Infrastructure, said: “We are excited to be partnering with Warburg Pincus and DTCP to accelerate the availability of full-fibre broadband across London at a time when the reliance on next generation digital infrastructure has never been greater. We look forward to continuing to progress one of the central objectives in the UK Government’s productivity agenda.”
The terms of these agreements are confidential. Community Fibre’s announcement is available here.
For further information:
Erica Sibree/Amy Joslin +44 (0)20 7939 0558/0587
Amber Infrastructure Limited
Amber Infrastructure Group
Amber Infrastructure (‘Amber’) is a specialist international investment manager, focused on investment origination, asset management and fund management. With over £4 billion in funds under management, Amber invests across six funds and a number of managed accounts. Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Amber has invested in Community Fibre through the, Amber-managed, National Digital Infrastructure Fund (‘NDIF’) and targets investments in digital infrastructure in the UK. NDIF forms part of the UK Government’s landmark DIIF, a government initiative to accelerate investment into fibre-optic based broadband networks and related businesses to build the next generation of digital networks and accelerate the roll-out of ultrafast connectivity across the UK.
Amber is headquartered in London with offices in Europe, North America and Australia and employs approximately 130 infrastructure professionals.
About Community Fibre
Community Fibre believes that everyone deserves better broadband. It is delivering a more inclusive future across London communities by providing 100% full-fibre future proofed broadband at up to 10Gbps at the most competitive prices in the market. All Community Fibre’s services are fully symmetrical so that the upload speed is the same as download speed, crucial for applications like video calling and simply working or educating from home.
Community Fibre is also committed to supporting local communities by offering free full-fibre broadband to some of the community centres in the London boroughs we operate in, as well as delivering online digital skills training that is free and easy for everyone to access and benefit from. For more information, please visit www.communityfibre.co.uk