Acuity Law advises Jurassic Fibre on a long-term funding deal
Acuity Law has advised Jurassic Fibre Limited, a recently established alternative network provider, on a long-term funding deal. The funding will allow Jurassic Fibre to invest in developing a Fibre-to-the-Premise network in South West England, namely Devon, Dorset and Somerset. Jurassic Fibre will build and operate new full fibre infrastructure in towns and villages, delivering high quality, 1Gbps+ broadband to homes and businesses which are currently served by copper infrastructure. Fern Trading Limited, advised by Octopus Investments, is providing funding for the expansion plan that could over the next few years exceed £250m. Jurassic Fibre's plans include building a network passing more than 300,000 homes in Devon, Dorset and Somerset in the future.
Jurassic Fibre is an FTTP broadband internet network developer based in South West England. Founded in 2018, it intends to build out an ultra-fast network in Devon, Dorset and Somerset.
James Hardy, a partner in Acuity's corporate team, acted for Jurassic Fibre on the funding. The firm's TMT team, led by Rem Noormohamed, is supporting the client with its ongoing specialist telecoms regulatory, IT and commercial work.