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Macquarie Asset Management makes debt investment in Community Fibre

20 Dec 2022

Macquarie Asset Management has announced that, on behalf of its institutional clients and managed funds, it has provided GBP100 million (USD122 million) of debt financing to British pure fibre provider Community Fibre.

In a press release regarding the matter, Macquarie Asset Management said the funding – which forms part of a GBP985 million financing package previously announced in October 2022 – will enable Community Fibre to accelerate the roll out of its fibre-to-the-premises (FTTP) infrastructure to more than 2.4 million properties across London and its surrounding areas by the end of 2024.

Commenting, Tom Van Rijsewijk, Managing Director at Macquarie Asset Management, said: ‘With the increasing digitisation of our society and economy, access to faster and more reliable broadband has never been more important. We are very pleased to be able to provide this financing to Community Fibre, offering an opportunity for our investors to help more communities across London access ultrafast broadband.’

United Kingdom, Community Fibre, Macquarie Asset Management (incl. MIRA)

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