Infracapital, the infrastructure equity investment arm of M&G Plc., has signed an agreement to acquire Fibrus, a fiber broadband network provider in Northern Ireland.
Infracapital will acquire a controlling interest in the business and provide funding for the commercial roll-out. The deal marks Infracapital’s first investment in Northern Ireland.
Fibrus was established by local telecommunications entrepreneur Dominic Kearns and former Enet CEO Conal Henry. Fibrus focuses on improving connectivity in suburban and semi-rural towns currently suffering with low average broadband speeds. The company recently delivered a pilot program in Dundrum and plans to roll out fiber to more than 145,000 premises across Northern Ireland.
The investment in Fibrus will come from Infracapital’s greenfield strategy, which seeks to build, deliver and operate essential greenfield infrastructure across Europe. There is a growing need for new-build infrastructure, in particular
