WIG secures investment from 3i Infrastructure plc - backing £1 billion investment plan for UK telecoms infrastructure
Wireless Infrastructure Group (WIG or the Company) today announces a significant investment from 3i Infrastructure plc (3i Infrastructure). 3i Infrastructure's investment of £75m capitalises the Company at approximately £300m and sees 3i Infrastructure acquire a significant minority stake, joining Wood Creek Capital Management and the management team as shareholders. The investment is part of a strategy to substantially scale up the Company. Completion of the transaction is conditional only upon receiving clearance from the European Commission under EU Merger Regulations which is anticipated by the end of June 2016.