Wessex Internet has received a major equity investment from abrdn’s Core Infrastructure team, UK based global investment company, to accelerate their rollout of full fibre broadband to rural South West England.
Wessex Internet, a full fibre broadband service in South West England has already built a Fibre-to-the Premises (FTTP) network across Dorset, Wiltshire, Hampshire and Somerset.
This is the first investment by abrdn’s third Core Infrastructure Fund, ASCI III, which is raising a target €1 billion to invest in the Pan-European infrastructure mid-market.
Although Wessex Internet claims that abrdn has invested a huge sum of money, no figures are mentioned.
The company has also obtained large contracts to support their business plan, through a
combination of subsidised and subsidised capital investment, and aims to add 150,000 new
premises by 2027.
Alex Anderson, Investment Director at abrdn’s Core Infrastructure Fund, said: “This kind of
investment is crucial to allowing the supply of ultrafast, reliable and cost-effective broadband in rural areas to help drive productivity, connect communities and reduce the digital divide across
the UK.”
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Full fibre broadband
