Brookfield backs Wireless Infrastructure Group in £575m transaction

Wireless Infrastructure Group (WIG) has announced that Brookfield Infrastructure and its institutional partners (Brookfield) have become its sole financial sponsor following Brookfield’s acquisition of the entire stake of 3i Infrastructure plc (3i).  The transaction creates a platform to explore more strategic infrastructure combinations with mobile operators together with an opportunity to accelerate WIG’s efforts to transform indoor connectivity for real estate owners. 

Scott Coates, CEO of Wireless Infrastructure Group, said:

“We are delighted to welcome Brookfield as our shareholder and for the opportunity to partner with large-scale patient capital.  Brookfield is one of the world’s largest infrastructure investors and its focus on data infrastructure and developing assets that can transform communities, aligns with our ambition to help improve connectivity across the UK.”  

“After a successful partnership with 3i, this deal marks an opportunity to shift gears for WIG.  With the backing of large-scale capital, WIG is now ideally positioned to explore more strategic infrastructure combinations with mobile operators.”

“WIG’s industry-leading indoor networks already serve buildings with over 1.25 billion visitors a year and this transaction brings us alongside one of the world’s largest real estate owners.”


Sam Pollock, CEO of Brookfield Infrastructure, said:

“We are very pleased to be partnering with the management team at WIG to support their continued growth.  We have been impressed by the Company’s accomplishments to date and look forward to supporting WIG’s continued expansion, both in products and geographies.  WIG is our first investment in UK data infrastructure and underpins our commitment to both the sector and country.”

Sponsor

Our Other Titles

Latest

Peel Tech Expands into Glenrothes

PEEL Tech, the revolutionary and innovative filtration system business, has relocated to Fife, with help from InvestFife's Business Property Team. It has...

Snack sales surge by 8% driving PepsiCo sales up by 5% in Q3 2020 as Coca-Cola reports a 28% decline in revenue

ACCORDING to the research data analyzed and published by ComprarAcciones.com, PepsiCo's net sales surged by 5.3% to $18.09 billion. Its net profit increased...

Over 100 new, affordable homes transform East Kilbride

DEVELOPERS Swan Group and construction firm The JR Group, came together to complete a new social housing development of 105 homes at...

Barclays LifeSkills announce charity partnerships to help all generations remain and progress in the workforce

Over 11 million young people have already participated in LifeSkills since it launched 7 years ago  BARCLAYS LifeSkills has...

Cambrex Completes Major Expansion of Solid Form Screening Facility in Edinburgh

CAMBREX has announced the expansion of its solid form screening and crystallization process development facility in Edinburgh. The expansion project has seen...