Exited
Investment in Ucles Holdco, an optical fiber business operating across Spain
Investment Date: April 30, 2021
Transfer of Ownership: March 2024
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Following our investment in Pentacom Investments, we have invested in Ucles Holdco ("Ucles"), another optical fiber business in Spain, with Macquarie Group Limited and Aberdeen Infrastructure. We will continue to explore opportunities to expand our investment in the telecom sector.
Attractiveness of the Target Company
Ucles provides fiber-optic cables for internet service providers across Spain. As a rapidly growing global infrastructure sector, telecommunications plays a crucial role in our investment strategy. This investment contributes to the ongoing expansion of Spain's telecom infrastructure.
Industry Perspectives and Future Actions
The telecom sector is expected to keep expanding with advancements in technologies like 5G. In addition to optical fiber networks, we will actively explore the potential in related fields.
Posted on April 30, 2021