Basalt Infrastructure Partners announces the acquisition of Digital Infrastructure Limited, adding a second investment to its UK fibre platform
London – 10 June 2021: Basalt Infrastructure Partners Fund (“Basalt”) today announces the acquisition of a majority interest in Digital Infrastructure Limited (“Digital Infrastructure” or the “Company”). Following the acquisition of Full Fibre Limited (“Full Fibre”) in December 2020, Digital Infrastructure represents the second investment by Basalt as part of its UK fibre rollout strategy and fourth investment in its latest fund. The terms of the transaction are not being disclosed.
Digital Infrastructure is an experienced owner and operator of fibre networks in England. The Company seeks to rollout and provide fibre to the premises (“FTTP”) to medium sized market towns in the UK.
Steven Lowry, Partner of Basalt Infrastructure Partners LLP, the exclusive adviser to Basalt, said, “We are thrilled by the opportunity to acquire Digital Infrastructure through a bilateral acquisition process, which adds scale and diversification to our existing UK fibre platform. We are keen to support the Company’s business plan through further capital investment and look forward to working closely with the highly experienced management team to deliver reliable and high speed FTTP to underserved, mid-sized towns in the UK.”
Carlos Bock, Chairman of Digital Infrastructure, commented, “We are excited about the partnership with Basalt, which will bring valuable experience in digital infrastructure to support the development of the Company.”