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The UK Infrastructure Bank (UKIB) has announced that it will be investing GBP100 million (US$116.68 million) to accelerate the digital rollout across the UK through the Digital Infrastructure Investment Fund (DIIF). Infracapital and other private investors alongside UKIB are also supporting the digital rollout across the country.
Digital Infrastructure Investment Fund was created in 2018 and is focused on Fibre (and to a lesser extent, Wireless) networks. Through the fund, Infracapital has supported four UK full-fibre businesses to scale up and connect more than 400 thousand homes and businesses to date.
The investment intends to support the rollout of quality, high-speed broadband, connecting communities across the UK and contributing to the government’s target of at least 85% of UK premises having access to gigabit-capable broadband by 2025. |
