G.Network Communications (G.Network), Albion Capital Group (Albion) and Cube Infrastructure Managers (Cube IM) have announced that G.Network and Albion have closed an agreement with Cube Infrastructure Fund II (Cube II), whereby Cube II is providing an initial £60 million ($78 million) of additional funding to G.Network.
G.Network is a fast-growing full-fiber local access connectivity provider focused on London. G.Network is building and operating new fiber to the premises (FTTP) infrastructure across the capital to provide affordable ultra-fast fiber connectivity to businesses and residents. G.Network’s full-fiber local access solutions are bridging the gap between old constrained copper-based services and long lead-time expensive leased lines.
Cube II is a European brownfield infrastructure fund managed by Cube IM, a European infrastructure fund manager with extensive telecommunication infrastructure experience. Cube II’s investment will support the next phase of G.Network’s roll out to provide FTTP connectivity to more than 120,000 premises across London and shared access for all telecommunication operators including mobile network operators.
G.Network has been advised in all its financings by Cameron Barney LLP.