Telcom Group secures £63m from Gresham House to expand fibre network rollout
Gresham House invests £63m through its British Strategic Investment Fund to accelerate the delivery of ultrafast fibre connectivity across the UK.
Telcom Group operates as a full-stack internet service provider, delivering fibre connectivity to commercial and residential properties across the UK.
Telcom Group has secured £63m in growth private equity funding from Gresham House, channelled through its British Strategic Investment Fund. The capital will enable the Manchester-based internet provider to accelerate the rollout of its ultrafast fibre network to commercial and residential properties in northern and midlands urban centres.
Established in 2014, the company operates several brands focusing on connectivity for businesses, residential blocks and social housing. The latest backing is intended to scale its proprietary infrastructure platform and expand digital access.
From the founder
"The board of Telcom is delighted to be working with Gresham House in what is a pivotal moment in the company’s evolution, as it will enable the acceleration of our planned roll-out of high-speed connectivity across all of our target markets."
Christopher Baldock
Chairman at Telcom Group
Investor perspective
"The Telcom team has impressed us with its customer-driven approach to delivering high-quality fibre service to both commercial and residential settings. The business’ repeat customer base demonstrates its expertise in providing gigabit connectivity where and when needed, and will allow our investors to benefit from a reliable recurring revenue stream."
Stevie Ingamells
Associate Director, Sustainable Infrastructure, Gresham House
Use of funds
- 01Build out infrastructure
- 02Expand into international markets
Investors
Categories
About the company
Telcom Group
Telcom Group provides full-stack high-speed internet services across the UK.