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Telcom Group
Oakley advises Telcom Group on its £63m investment from Gresham House
Sector:
Telecoms
Transaction Type:
Fundraise
Date:
July 2021
Deal Value:
£63m

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across TMT and Online sectors, has advised Telcom Group, the Manchester based, full-stack high-speed internet service provider, on its £63m investment from Gresham House through its British Strategic Investment Fund (“BSIF”).

Telcom Group was established in 2014 and operates three brands – Telcom, which provides ultrafast internet to commercial properties, ClearFibre, which delivers ultrafast internet to residential properties, and WeFibre, which provides low cost fibre connectivity to social housing and rural housing developments. The group also owns full-fibre infrastructure via Telcom Infrastructure and infrastructure services through Pioneer.

The commitment will enable Telcom Group to accelerate its delivery of ultrafast and reliable fibre connectivity to commercial and residential properties across the UK, underpinned by its own network infrastructure. Outside Manchester, the group’s focus will be on building fibre networks in key Northern and Midlands powerhouse cities.

Anthony Yaneza, Oakley Director, commented:

“The transaction is another demonstration of Oakley’s expertise in the digital infrastructure market. It has been an absolute pleasure to work with Shaun, Chris and the team. Telcom has huge potential for future growth with Gresham on board, delivering full-fibre infrastructure and broadband services to UK commercial and residential properties. We wish Telcom and Gresham the best of luck in their new partnership.”

Shaun Gibson, Telcom CEO said,

“The Oakley team have been fantastic throughout and a real pleasure to work with. Combining deep sector expertise, excellent advice and support and an unrelenting dedication. We couldn’t have asked for anyone better to be representing us throughout this process and would highly recommend Oakley to anyone considering a transaction.”

Chris Baldock, Telcom Chairman said,

“This is a great result and thanks to the Oakley team – their expertise in Digital Infrastructure, advice and support throughout the transaction has been invaluable.”

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