Wig Raises 220m for 5g Mobile Phone Signal Infrastructure

W IG, the mobile mast operator, has raised 220m to accelerate investment in the infrastructure underpinning 5G mobile phone signal. Wireless Infrastructure Group has secured the money through a debt fund raising backed by institutional investors MetLife, Barings and Vantage, alongside banks Lloyds, Royal Bank of Scotland and Barclays. The Edinburgh-based business said the facility would support a significant increase in investment aimed at bolstering connectivity across the countryside, cities and key transport routes.

Scott Coates, the chief executive, said the capital raise has been structured so it will expand as the company grows. He added: The new facilities will be targeted on fibre. Telegraph Media Group Limited 2019 Need help?

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