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Macquarie Invests In UK Telco

Macquarie Group is investing up to $53 million in British rural broadband business Voneus.

It’s Macquarie’s second investment in the UK telecoms sector after it agreed to buy KCOM last month.

Voneus will focus on the up to 900,000 homes across the UK countryside who still don’t have access to superfast broadband services.

Voneus currently uses Fixed Wireless Access technology to quickly provide superfast broadband of between 30 and 50 Mbps to rural homes and businesses. Only five percent of UK homes have access to full fibre infrastructure.

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