The investment firm, KKR, announced it has bought a majority stake in Hyperoptic, using funds from Newlight Partners and Mubadala Investment Company. The terms of the deal were not disclosed.

Founded in 2011, Hyperoptic has a full fibre network that covers 43 towns and cities in the UK, with gigabit broadband services passing almost 400,000 homes and businesses.

“We are incredibly grateful to Newlight and Mubadala for their unwavering support and significant contributions to the success of Hyperoptic. Currently, only 8% of the UK has access to full fibre and less than half of that to symmetrical gigabit services. We are confident that with the support of KKR and their significant expertise enabling high-growth businesses, our ambitious infrastructure plans to build our hyperfast network out to two million homes by 2021 and five million by 2024 will be realised.” Dana Tobak, CEO Hyperoptic

KKR has a track record investing in European telecommunications infrastructure, including major joint ventures with Telxius (Spain) and Altice (France) that are focused on mobile connectivity and towers. It also owns Deutsche Glasfaser, a leading German fibre broadband provider.

Posted by Teresa Cottam

Teresa is the Chief Analyst at Omnisperience and has over 25 years' experience in the telecoms and technology markets. She is an expert on SME and enterprise telecoms, and has considerable vertical market expertise. Her research focus lies in helping B2B telecoms firms become more commercially successful by better understanding and meeting their customers' needs. She is a judge of the GSMA Global Mobile Awards (GloMo's) for customer experience and enterprise innovation, and for the UK Cloud awards. You can follow her on Twitter @teresacottam

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