Further Investment in Digital Infrastructure

RNS Number : 8048T

International Public Partnership Ld

25 March 2019

 

INPP makes further investment in digital infrastructure

25 March 2019

International Public Partnerships, the listed infrastructure investment company (the 'Company', 'INPP'), notes the release by toob Limited ('toob') which has today announced it has secured investment from the National Digital Infrastructure Fund ('NDIF'), the fourth of such investments by the fund. 

toob is a full fibre broadband provider led by Nick Parbutt, a former director of Vodafone UK, and chaired by Charles McGregor, former chairman of Gigaclear.  The NDIF funding will support the delivery of gigabit broadband speeds to more than 100,000 premises by the end of 2021.

The toob investment falls within the framework of INPP's previously announced overall commitment of up to £45 million to digital infrastructure via the National Digital Infrastructure Fund ('NDIF'), alongside HM Treasury.  To date, c.£15 million of this commitment has been called by NDIF, supporting NDIF's investments.

The Company's original announcement of its commitment to NDIF can be found here: https://www.internationalpublicpartnerships.com/news-media/regulatory-news/.

More information on NDIF's investment into toob is available here: https://www.amberinfrastructure.com/news/press-releases/. 

ENDS.

For further information:

Erica Sibree/Amy Joslin                                                                  [phone]/0587

Amber Fund Management Limited                                                         

Hugh Jonathan                                                                                            [phone]

Numis Securities             

Ed Berry/Mitch Barltrop                                                                [phone]/1039
FTI Consulting

About International Public Partnerships (INPP):

International Public Partnerships ('INPP') is a listed infrastructure investment company which 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, including utility and transport businesses, transmission projects, schools, courts and police headquarters 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 over 120 staff who are responsible for the management of, advice on and origination of infrastructure investments.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.

 

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