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UK Student Broadband ISP CableCom Secures GBP29m Investment

Thursday, August 7th, 2014 (1:59 am) - Score 845

Communications provider CableCom Networking, which tends to focus on providing broadband, TV and phone services to student accommodation across the United Kingdom and Europe, has secured a £28m refinancing deal with the banks RBS and HSBC to help fuel its growth.

According to the Bristol Post newspaper, CableCom already delivers communication services to more than 250,000 residents and students across hundreds of sites and the operator, which is backed by private equity firm Inflexion, now wants to push even further. A bit more background on Inflexion’s original involvement can be found here.

Gareth Healy, Inflexion’s Investment Director, said:

CableCom is an excellent business, led by a high quality, ambitious management team. The company has grown strongly from a core strength in technology, it has great fundamentals and multiple routes to further growth.”

End.

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