International legal practice Osborne Clarke has advised Community Fibre, the London Gigafast broadband provider, on an additional £50m of funding secured from institutional investors RPMI and Amber Infrastructure.
With over 70,000 London homes passed to date, the additional investment will enable Community Fibre to expedite its ambitious capital-wide growth strategy with the aim of ultimately passing 500,000 homes. So far, it has signed wayleaves with 8 Borough Councils and 9 Housing Associations, including 50% of London’s top ten landlords.
The business is proving its ability to scale and succeed in its mission to make London a Gigafast city, it has already equipped thousands with access to high-speed internet, contributing to the UK Government’s ambition of every home in the UK having access to full-fibre by 2033.
Partner Simon Jones along with Associate Katharine Ramsay and Senior Associate Tom Berisford advised Community Fibre. The team previously advised Community Fibre on its £25 million new financing round led by the National Digital Infrastructure Fund (NDIF).
Osborne Clarke’s Corporate team is considered a go-to practice for many fast-growing companies in the tech, media and comms sector. The team combine extensive market knowledge and deep sector expertise to support companies throughout all stages of their development, from start-up to later stage and growth capital funding, strategic M&A and exits.