International Public Partnership Ld Further Investment in Digital Infrastructure (8048T)
March 25 2019 - 3:01AM
UK Regulatory
TIDMINPP
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 GBP45 million to
digital infrastructure via the National Digital Infrastructure Fund
('NDIF'), alongside HM Treasury. To date, c.GBP15 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 +44 (0)20 7939 0558/0587
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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