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London-based private equity firm, Kingsley Capital Partners (‘Kingsley’), is today pleased to announce that its wholesale fibre operator Spring Fibre has secured investment from family offices for fibre roll-out across the UK.

Spring was established in 2019 with the vision to become a leading provider of wholesale fibre provision in the UK. With data usage growing exponentially, current demand for UK fibre internet is unprecedented. Kingsley will work closely with Spring’s management team to grow the business further. Spring is led by CEO Ros Singleton, formerly MD of UK Broadband and current chair of the UK 5G Advisory Board. 

Neil Mahapatra, Managing Partner of Kingsley, said: “With the UK currently ranking toward the bottom of the European league table for gigabit fibre penetration, we are very excited to have secured further investment into Spring for development of its high-speed fibre network”.

Financial terms of the transaction were not disclosed.

Date posted: 21 October 2020
Article tag: Spring Fibre

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