Over half of UK households now have access to full-fibre internet services – a significant increase from only ~14 per cent in 2020. This rapid increase in coverage and improved connectivity has been supported by urban and rural operators such as Voneus.1
Voneus was founded in 2015, with the goal of giving rural communities the same fast broadband that is accessible in cities, and is a leading specialist in Fixed Wireless Access technology and rural broadband.
In 2019, Macquarie Capital made an initial investment in Voneus to support its growth and accelerate fibre roll-out across rural areas of the UK. Our Infrastructure and Energy Capital team increased Macquarie’s ownership stake in 2021 and partnered with the Israel Infrastructure Fund (IIF), an experienced investor in the fibre roll-out sector, to further accelerate Voneus’ growth plans.
In September 2023 Macquarie Capital, IIF and Tiger Infrastructure Partners announced the merging of SWS Broadband and Cadence Networks with Voneus Broadband, and the simultaneous acquisition of Broadway Partners, creating a newly consolidated Voneus business.
SWS Broadband’s network complements Voneus’ footprint in Wales and adjacent deployment areas in Staffordshire. And the addition of Broadway Partners alongside the recently acquired Beacons Telecoms in Wales also complements Voneus growth strategy nationally.
The combined group will be funded with up to £250 million in new capital from the three shareholders and bank lenders to advance it and the UK government’s shared objective of closing the digital divide.