Investment in Ucles Holdco S.L., an optical fiber business operating across Spain
Investment Date: April 30, 2021
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Following the investment in Pentacom, we invested in another optical fiber business with Macquarie and Aberdeen Standard Investments. We will continue to consider expanding investment in the telecom sector.
Attractiveness of the Target Company
Ucles provides fiber-optic cables for internet service providers in Spain. The telecom sector is an important infrastructure sector that is rapidly growing worldwide; we take part in further expansion of the Spanish telecom infrastructure through this investment.
Industry Perspectives and Future Actions
The telecom sector is expected to keep growing with new technologies, such as the 5G connections. In addition to the optical fiber cable networks, we will proactively investigate the potentials in the related fields.
Posted on April 30, 2021