Many rural communities are relying on slower connections delivered over copper lines built decades ago.2
Voneus is a leading specialist in Fixed Wireless Access (FWA) technology, that provides superfast broadband to rural, poorly connected or difficult to reach communities. It was founded in 2015, with the goal of giving rural communities the same fast broadband that is accessible in cities.
Macquarie Capital also identified that Voneus’ FWA approach could play a role in aggregating demand for fast broadband – offering a means to de-risk more expensive full-fibre investments. We have been working with Voneus to turn this idea in a reality.
We also identified the Israel Infrastructure Fund (IIF) as an experienced fibre roll-out partner and brought it in as a new inward investor to further advance Voneus’ growth plans.
IIF brings unique expertise to support future fibre deployment as a lead investor in Unlimited, a wholesale fibre platform in Israel, which has rolled out fibre to more than 600,000 homes and aims to connect 1.7 million by 2024.
“As we connect our first full-fibre customers to our network, we do two things. One, we bring gigabit capable connectivity to a rural community and, two, we validate our fixed wireless access to a full-fibre model – which makes smaller-scale fibre investment sustainable. Macquarie and IIF recognise this and share our vision. We are absolutely delighted to be working with them.”
Steve Leighton, Chief Executive Officer of Voneus
“The roll-out of full-fibre broadband to these rural communities demonstrates the success of the Voneus model in de-risking and speeding up fibre roll-out to harder to reach communities. We look forward to continuing to provide our development capabilities to support the management team in connecting further rural committees and helping unlock significant economic and social benefits for the United Kingdom.”
Oliver Bradley, Managing Director, Macquarie Capital
1. OfCom, Connected Nations Update Summer 2020
2. National Farmers’ Union, NFU SPOTLIGHT ON farm broadband & mobile networks
3. Rural England, Scotland’s Rural College, Unlocking the digital potential of rural areas across the UK, 2018