Home
 » ISP News » 
Sponsored

Infracapital Grabs 50% Stake in SSE Enterprise Telecoms UK

Friday, December 21st, 2018 (1:19 pm) - Score 2,702
fibre optic cables and uk network server setup 2017

The infrastructure equity investment arm of M&G Prudential, Infracapital, has purchased a 50% stake in UK communications provider SSE Enterprise Telecoms (SSEET). The deal itself is said to be worth up to £380m and values the provider at more than £700m.

SSE Enterprise Telecoms have spent the past few years expanding their 12,000km wide fibre optic and Ethernet network across the UK. The new investment is thus expected to fuel even more “aggressive expansion plans” via a new shared ownership structure and will help the operator to build new partnerships, such as in the 5G, SD-WAN and Smart Cities sectors.

Apparently the deal comprises £215m, which is due to be paid on completion of the transaction (expected by the end of June 2019), and up to a further £165m that will be paid in a series of instalments (subject to future performance).

Colin Sempill, MD of SSEET, said:

“Infracapital’s investment in [SSEET] shows the confidence it has in the future growth of the business. It recognises the success we have achieved to date, building out a great network, winning notable contracts and being relentlessly focused on customer satisfaction. Both parties see this as an opportunity to help develop the network infrastructure that this country needs to turn the vision of the UK’s digital economy into reality.”

James Harraway, Infracapital Director, said:

“High-speed connectivity is vital to economic growth and prosperity and we are delighted to announce this partnership with SSE plc. SSE Enterprise Telecoms is an established telecoms infrastructure provider and is well positioned to support growth in this critical sector.

Infracapital has considerable expertise of investing in digital infrastructure and we look forward to working closely with our new partners as the business continues to grow, deliver new projects and expand its networks.”

Earlier this year Infracapital splashed £270m to buy rural fibre optic broadband ISP Gigaclear and they’re also working with Wight Fibre to roll-out a new FTTH network on the Isle of Wight. The infrastructure investor had also been linked with TalkTalk’s plans for a new FTTH network to cover 3 million UK premises, but that seems to have been shelved (here).

Add to Diigo
Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
2 Responses
  1. Avatar David Jeffrey

    SSET + Gigaclear = compelling competition to BTOR for M&G. Similar to City Fibre when they acquired KCOMs fibre network…

  2. Avatar lolfibre

    and in a few years they’ll mess it up by selling out to Voda, Level3/centuryrylink or similar fibre hoarders that wreck the market

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheapest Superfast ISPs
  • Hyperoptic £18.00 (*22.00)
    Avg. Speed 30Mbps, Unlimited
    Gift: Code: HYPER19
  • Vodafone £21.00
    Avg. Speed 35Mbps, Unlimited
    Gift: Amazon Echo Plus
  • Direct Save Telecom £22.95 (*29.95)
    Avg. Speed 35Mbps, Unlimited
    Gift: None
  • Origin Broadband £23.00
    Avg. Speed 35Mbps, Unlimited
    Gift: None
  • SSE £23.00 (*33.00)
    Avg. Speed 35Mbps, Unlimited (FUP)
    Gift: None
Prices inc. Line Rental | View All
The Top 20 Category Tags
  1. BT (2428)
  2. FTTP (2040)
  3. FTTC (1613)
  4. Building Digital UK (1557)
  5. Politics (1355)
  6. Openreach (1352)
  7. Business (1191)
  8. Statistics (1055)
  9. FTTH (988)
  10. Mobile Broadband (984)
  11. Fibre Optic (948)
  12. Ofcom Regulation (891)
  13. Wireless Internet (873)
  14. 4G (858)
  15. Virgin Media (819)
  16. Sky Broadband (577)
  17. EE (564)
  18. TalkTalk (559)
  19. Vodafone (484)
  20. Security (399)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact