Fibrus was established by local Telecoms entrepreneur Dominic Kearns, and former Enet CEO, Conal Henry. Fibrus focuses on improving connectivity in suburban and semi-rural towns currently suffering with low average broadband speeds. The company recently delivered a successful pilot programme in Dundrum and plans to roll out Fibre-to-the-Premises (‘FTTP’) to over 145,000 premises across Northern Ireland.
Infracapital will draw on its experience of fibre roll-out in other areas of the UK and Continental Europe, while Conal Henry and Dominic Kearns will provide extensive local telecoms experience to drive the company forward as it expands into new areas.
The investment in Fibrus will come from Infracapital’s greenfield strategy which seeks to build, deliver and operate essential greenfield infrastructure across Europe. There is a growing need for new-build infrastructure, in particular fibre broadband, to meet the changing needs of society and support long term economic growth.
Andy Matthews, Head of Greenfield at Infracapital, said:
“We are delighted to announce the acquisition of Fibrus and to play our role in delivering an increasingly essential service to society in tandem with delivering value to our investors. We are also particularly excited to announce our first investment in Northern Ireland. The investment is indicative of the significant opportunity to build, deliver and operate essential greenfield infrastructure across Europe, where we are seeing a number of opportunities to deploy further funds in the coming months and years.”
Conal Henry, Fibrus Co-Founder and Chairman said:
“We are exceptionally proud to bring this investment to Northern Ireland. Alongside Infracapital, Fibrus now has the firepower to deliver, at scale and pace, our radical plan to transform the broadband landscape in the region. With this investment we will deliver the digital infrastructure that will transform our economy and our society. Fibrus is an organisation that is about being the best. We want to build the best networks, so we’ve recruited the best colleagues and partners and now we have attracted the best investors. I feel confident that this world class combination with Infracapital will achieve great things for a great many people.”
The Fibrus Senior Management Team, at the launch of their investment and roll out in South Down.
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