Macquarie Asset Management has provided £100 million ($123 million) of debt financing to Community Fibre, an internet service provider in London.
Community Fibre builds, owns and operates a full-fiber network in London that services more than 720,000 customers. It is the capital’s largest full-fiber broadband provider, and delivers speeds of up to 10,000 megabits per second (Mbps) for businesses and 3,000 Mbps for households.
This funding, which is part of a £985 million ($1.2 billion) financing package, will enable Community Fibre to accelerate the rollout of its network to more than 2.4 million properties across London and its surrounding areas by the end of 2024.
“With the increasing digitization of our society and economy, access to faster and more reliable broadband has never been more important,” said Tom Van Rijsewijk, managing director at Macquarie Asset Management. “We are very pleased to be able to provide this financing to Community Fibre, o