Cameron Barney advises toob on £75m funding from Amber Infrastructure Group
Cameron Barney acted as financial adviser to toob.
Cameron Barney LLP is pleased to announce that it acted as financial advisor to toob Limited (“toob”) in obtaining an initial GBP75 million of funding from the National Digital Infrastructure Fund (“NDIF”) Limited – a fund managed by Amber Infrastructure Group.
toob is building and operating a new Fibre to the Premises (FTTP) broadband network across several of the UK’s southern counties to provide affordable gigabit connectivity to businesses and residents who are chronically under-served by the existing infrastructure.
The UK needs substantially more fibre infrastructure to support the increasing volumes of data and content that is transmitted and consumed over the internet as well as to meet the UK government target of 50% of all commercial and residential premises having access to full-fibre services by 2025. A substantial investment has been allocated to this strategy by both the UK Government and individual funds such as the NDIF.