Less than a year after Macquarie Infrastructure and Real Assets (MIRA) purchased U.K. telecommunications company KCOM for £627 million ($761 million), the infrastructure company is planning to split the core of KCOM’s business from its national networks, according to reports.
Total Telecom reports that at the time of last year’s takeover, KCOM was suffering from a failed attempt to build a national network.
The two companies were planning to work together to increase fiber accessibility and reduce digital exclusion in East Yorkshire. Now, Macquarie has restructured KCOM’s non-Hull units and hired Oakley Advisory to explore a potential sale, according to U.K. news source ISPreview.
KCOM had initially decided to sell to Humber Bidco, a British pension fund managed by Universities Super
