International Public Partnerships NDIF Agrees Further Funding by New Investors (4910U)

TIDMINPP

RNS Number : 4910U

International Public Partnerships

29 July 2020

National Digital Infrastructure Fund agrees further funding by new investors in Community Fibre

29 July 2020

International Public Partnerships Limited ('INPP', the 'Company'), the listed investment company which invests in global public infrastructure projects and businesses, notes Community Fibre Limited's ('Community Fibre') announcement today of an investment of up to GBP400 million by funds advised by Warburg Pincus LLC ('Warburg Pincus') and Deutsche Telekom Capital Partners ('DTCP'). The National Digital Infrastructure Fund ('NDIF'), in which INPP is invested, is an existing investor in Community Fibre.

The transaction involves a part realisation by NDIF of its investment to Warburg Pincus and DTCP. The terms of the transaction are confidential, and the proceeds realised will be retained by NDIF for reinvestment. The transaction reflects a positive return on NDIF's original investment and supports further growth for Community Fibre.

Community Fibre is an internet service provider rolling-out fibre optic broadband networks across London. INPP invested into Community Fibre through the National Digital Infrastructure Fund in 2018 to fund the roll-out of full-fibre connectivity to a further 100,000 homes covering social and private housing estates across London. Having successfully passed this milestone, Community Fibre today announces that it will accelerate the roll-out of full-fibre broadband to 1 million households by 2023, delivering critical digital infrastructure.

Please see further information here: www.amberinfrastructure.com .

ENDS.

For further information:

   Erica Sibree/Amy Joslin                                                 [phone]/0587 

Amber Fund Management Limited

About International Public Partnerships ('INPP'):

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.

INPP is a responsible, long-term investor in 130 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists of 130 staff who are responsible for the management of, advice on and origination of infrastructure investments.

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July 29, 2020 06:26 ET (10:26 GMT)