Freeths advises Substantial Group management team on landmark sale

Leading law firm Freeths has advised the Substantial Group management team on its landmark £2 billion sale to InfraVia, Liberty Global and Telefónica, through their joint venture, nexfibre.

With Substantial Group being the country’s second largest alternative fibre provider, the transaction represents a significant milestone for the UK’s alternative fibre network. Following completion, Substantial Group is expected to have over 3.4 million premises and more than 500,000 customers.

The transaction will unlock £3.5 billion of international investment into UK digital infrastructure and will create the UK’s largest alternative full fibre platform.

The Freeths team was led by Corporate Partner Malin Svanberg Larsson, supported by Partners Kevin Poulter and James Dean, Director Amanda Trewhella, Managing Associate Rosanna Brown, Associates James Allen and Freya Squizzoni.

Malin Svanberg Larsson said: “We were delighted to advise and support the Substantial Group management team on this landmark transaction. The transaction is a significant milestone in this sector, and we wish the Substantial Group team all the best in their next chapter.” 

Wil Wadsworth, Group CFO for Netomnia, YouFibre and Brsk added: “The expertise of the Freeths team and their timely advice provided us with invaluable support throughout the process. It has been a pleasure to work with their professional and dedicated team.”