Brookfield backs Wireless Infrastructure Group in £575m transaction
Wireless Infrastructure Group (WIG) today announces 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."
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."