Private equity firms are talking profits in altnet investments as the pace at which homes and businesses are swapping copper broadband connections with fibre-optic cables accelerates and Boris Johnson pushes plans for national full-fibre coverage ahead of the government’s current target. The government is expected to announce a new target by 2020 that will see all UK premises connected to high-speed broadband, but it has been unclear how much money private investors would be willing to put into Meanwhile TalkTalk searches for external investment to fund its broadband business, Inflexon has hired bankers to explore the sale of Glide, and KKR has mandated Morgan Stanley to sell its controlling stake in Deutsche Glasfaser. Deals involving broadband providers have accelerated in the past two years. Elsewhere, Warburg Pincus is seeking a buyers for Inexio, and broadband provider Covage is one of a few assets being sold in France.
Private equity firms are talking profits in altnet investments as the pace at which homes and businesses are swapping copper broadband connections with fibre-optic cables accelerates and Boris Johnson pushes plans for national full-fibre coverage ahead of the government’s current target. The government is expected to announce a new target by 2020 that will see all UK premises connected to high-speed broadband, but it has been unclear how much money private investors would be willing to put into Meanwhile TalkTalk searches for external investment to fund its broadband business, Inflexon has hired bankers to explore the sale of Glide, and KKR has mandated Morgan Stanley to sell its controlling stake in Deutsche Glasfaser. Elsewhere, Warburg Pincus is seeking a buyers for Inexio, and broadband provider Covage is one of a few assets being sold in France.