abrdn’s core infrastructure team has acquired Amber Infrastructure’s minority stake in Airband, which it held for five years through its National Digital Infrastructure Fund (NDIF). Financial terms were not disclosed.
Airband’s network has reached more than 290,000 homes and has a compelling rollout and commercialization plan throughout the coming years, with a plan to reach 400,000 FTTP premises by 2026. Since Amber’s initial investment in 2018, Airband has transformed from a small rural-focused fixed-wireless access (FWA) operator to one of the largest full-fiber rural networks in the country.
abrdn will continue to support the company’s differentiated rural focus and attractive business plan, delivering full fiber to poorly served communities, supported by government subsidies.
Airband represented abrdn’s first investment in the U.K. telecommunications infrastructure market through its second Core Infrastructure Fund (SLCI II). The acquisition of