Gresham House, a specialist alternative asset manager, has invested GBP63 million into full-stack UK internet service provider Telcom Group through its British Strategic Investment Fund (BSIF).
The commitment will enable Manchester-based Telcom Group to accelerate its delivery of ultrafast and reliable fibre connectivity to commercial and residential properties across the UK, underpinned by its own network infrastructure. Outside Manchester, the group’s focus will be on building fibre networks in key Northern and Midlands powerhouse cities.
Stevie Ingamells, associate director, sustainable infrastructure, who led the deal for Gresham House, says: “The Telcom team has impressed us with its customer-driven approach to delivering high-quality fibre service to both commercial and residential settings. The business’ repeat customer base demonstrates its expertise in providing gigabit connectivity where and when needed, and will allow our investors to benefit from a reliable recurring revenue stream.”
