Quickline and Northleaf Announce Completion of Majority Stake Acquisition
Summary
To reduce the digital divide, Quickline will use an innovative hybrid approach of utilising 5G and a fibre to the premise (“FTTP”) network for a cost effective, technical solution. “Receiving this kind of investment from Northleaf provides us with the ability to supply life-changing gigabit-capable broadband to hundreds of thousands of rural customers that previously were unable to access the internet at speed. "Boosting connections in rural communities is crucial to our plans to level up Britain, and were working alongside commercial providers to plug in hard-to-reach homes and businesses through our £5 billion Project Gigabit scheme." Its aim is to be the leading UK-dedicated, rural broadband infrastructure provider, delivering innovative, flexible and hybrid solutions that can address the millions of premises unlikely to be served commercially by full fibre networks for many years to come. Northleaf’s 150-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally.