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Infracapital reached agreement to buy 50% stake in SSE Enterprise Telecoms . Infracapital is an active investor in the telecoms infrastructure sector, having managed businesses throughout the UK and continental Europe, with a focus on delivering fibre networks. Infracapital has agreed to buy a 50% stake in power group SSE’s telecoms arm for up to GBP 380m, the latest move by an infrastructure investor into the fibre sector.
"SSE Enterprise Telecoms is an established telecoms infrastructure provider, with a 12,000km fibre network, and is well positioned to support growth in this critical sector.
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", The cash proceeds from the deal would be used to reduce SSE's net debt, the company said, When you subscribe we will use the information you provide to send you these newsletters. The agreement has netted the Perth-based energy company £380 million. if (document.context) document.write ("&context=" + escape(document.context)); In March 2019 Infracapital, which is an infrastructure equity investment company purchased a 50% stake in SSE Enterprise Telecoms.
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