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3i Infrastructure to invest GBP75m in WIG

07 April 2016 07:26

3i Infrastructure has agreed to acquire a 36% economic interest in Wireless Infrastructure Group, investing approximately GBP75 million and joining existing majority shareholder Wood Creek Capital Management and the management team as shareholders.

WIG is an independent communications infrastructure provider headquartered in Bellshill, Scotland. The business builds and operates communication towers (masts) in rural and suburban areas, together with fibre based networks, to improve mobile coverage in large buildings and on city streets.

WIG is independent of any network operator and invests in shareable infrastructure that is made available to all networks to access.

Story provided by StockMarketWire.com

Related Company: 3IN

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