3i Infrastructure Group Buys Controlling Interest in “WIG”

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Barings, an asset management firm, announced Friday that it has sold its investment in Wireless Infrastructure Group (“WIG”) to 3i Infrastructure plc. according to the Globe Newswire.

Headquartered in Edinburgh, Scotland, WIG is an independent communications infrastructure provider. The company operates a portfolio of over 2,000 communication towers and is the United Kingdom’s market leader for the deployment of neutral host distributed antenna system networks needed to deliver mobile signals to large public venues. Barings initially made its controlling investment in WIG in December 2012, and the transaction comes as the company continues to scale up its deployment of high capacity, 5G-ready wireless infrastructure. This includes new communication towers serving rural communities, together with small cells and fiber networks in busy urban centers.

“We are delighted that 3i Infrastructure has extended its investment into WIG,” said Scott Coates, CEO of Wireless Infrastructure Group. “WIG is busy investing in new infrastructure across the United Kingdom, from new towers in the Highlands of Scotland to 5G-ready small-cell networks that will connect self-driving cars in the West Midlands.  Barings has been a great partner and WIG is well positioned to continue our scale up.”

January 15, 2018

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