Oaktree to acquire majority stake in Zzoomm

28 Sep 2020

US-based asset management firm Oaktree Capital Management has reportedly agreed to pay GBP100 million (USD127 million) for a majority stake in British pure fibre provider Zzoomm, according to The Financial Times. It is understood that Oaktree’s investment will help fund Zzoomm’s rollout to small market towns around the country; at launch the operator had said its ambition was to pass more than one million homes/businesses with fibre-to-the-premises (FTTP) technology by 2025, with a focus on underserved towns and suburban areas across the UK.

As previously reported by CommsUpdate, in January 2020 Zzoomm made its initial foray into the UK’s broadband market, announcing the switch-on of its FTTP network in Henley-on-Thames, Oxfordshire. Zzoomm’s full fibre network is based on XGS-PON technology, and the company is working with ADTRAN on the service rollout, with the vendor promising to support the delivery of multi-gigabit services to the home.

United Kingdom, Zzoomm