Basalt Infrastructure Partners announces the acquisition of Full Fibre Limited

London – 8 December 2020: Basalt Infrastructure Partners III LP (“Basalt”) today announces the acquisition of a majority interest in Full Fibre Limited (“FullFibre” or the “Company”). The terms of the transaction are not being disclosed.

FullFibre is an owner and operator of fibre networks in England. The Company seeks to rollout and provide fibre to the premises (“FTTP”) to small and medium sized market towns, primarily in the south-west and west of England, expanding its existing presence in the region.

Steven Lowry, Partner of Basalt Infrastructure Partners LLP and adviser to Basalt, said, “We are excited by the opportunity to acquire FullFibre through a bilateral acquisition process and are keen to support the Company’s business plan through further capital investment. We look forward to working closely with the management team and employees to deliver reliable and high speed FTTP to underserved market towns in the south-west and west of England.”

Oliver Helm, Chief Executive Officer of FullFibre, commented, “We are delighted to partner with Basalt whose experience in digital infrastructure will bring valuable support to the development of FullFibre.”

About Basalt

Basalt is an infrastructure equity investment fund focusing on investments in utilities, energy, transport and telecommunications infrastructure in Europe and North America. The acquisition of FullFibre is the second transaction entered into by Basalt following the acquisition of Habitat Solar in October 2020.

For more information on Basalt please visit www.basaltinfra.com