Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 6 (MEIF6), has finalized the acquisition of KCOM Group (KCOM), a provider of essential telecommunications infrastructure and services to households and businesses in the Hull and East Yorkshire region in the UK.

The settlement of shares follows the recommendation of MEIF6’s  GBP 627 million (USD 760 million) cash offer by the KCOM Board on 12 July after a competitive auction process. The scheme of arrangement was approved by a majority of shareholders on 26 July 2019, with KCOM subsequently de-listed from the London Stock Exchange on 2 August 2019.  

KCOM is one of the UK’s longest-established telecommunications companies. In the Hull and East Yorkshire region, the business is a leading provider of fixed-line telecommunications infrastructure – providing voice and broadband connectivity services to approximately 140,000 households and businesses via its fiber-to-the-premises network. KCOM also offers IT and communications services to large enterprise and public sector organizations around the UK.

MIRA has been a leading owner of, and investor in, critical telecommunications infrastructure for nearly two decades. Under MIRA’s management, assets such as fiber and cable networks, broadcast infrastructure, secure mobile networks, and mobile towers have provided services to millions of consumers and business customers.