International Public Partnerships NDIF Agrees Further Funding by New Investors (4910U)
July 29 2020 - 5:26AM
UK Regulatory
TIDMINPP
RNS Number : 4910U
International Public Partnerships
29 July 2020
National Digital Infrastructure Fund agrees further funding by
new investors in Community Fibre
29 July 2020
International Public Partnerships Limited ('INPP', the
'Company'), the listed investment company which invests in global
public infrastructure projects and businesses, notes Community
Fibre Limited's ('Community Fibre') announcement today of an
investment of up to GBP400 million by funds advised by Warburg
Pincus LLC ('Warburg Pincus') and Deutsche Telekom Capital Partners
('DTCP'). The National Digital Infrastructure Fund ('NDIF'), in
which INPP is invested, is an existing investor in Community
Fibre.
The transaction involves a part realisation by NDIF of its
investment to Warburg Pincus and DTCP. The terms of the transaction
are confidential, and the proceeds realised will be retained by
NDIF for reinvestment. The transaction reflects a positive return
on NDIF's original investment and supports further growth for
Community Fibre.
Community Fibre is an internet service provider rolling-out
fibre optic broadband networks across London. INPP invested into
Community Fibre through the National Digital Infrastructure Fund in
2018 to fund the roll-out of full-fibre connectivity to a further
100,000 homes covering social and private housing estates across
London. Having successfully passed this milestone, Community Fibre
today announces that it will accelerate the roll-out of full-fibre
broadband to 1 million households by 2023, delivering critical
digital infrastructure.
Please see further information here: www.amberinfrastructure.com
.
ENDS.
For further information:
Erica Sibree/Amy Joslin +44 (0)20 7939 0558/0587
Amber Fund Management Limited
About International Public Partnerships ('INPP'):
INPP is a listed infrastructure investment company that invests
in global public infrastructure projects and businesses, which
meets societal and environmental needs, both now, and into the
future.
INPP is a responsible, long-term investor in 130 infrastructure
projects and businesses. The portfolio consists of utility and
transmission, transport, education, health, justice and digital
infrastructure projects and businesses, in the UK, Europe,
Australia and North America. INPP seeks to provide its shareholders
with both a long-term yield and capital growth.
Amber Infrastructure Group ('Amber') is the Investment Adviser
to INPP and consists of 130 staff who are responsible for the
management of, advice on and origination of infrastructure
investments.
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END
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