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Liberty Global, InfraVia and Telefonica to acquire Substantial Group for GBP 2B
Liberty Global, InfraVia, and Telefonica have announced an agreement to acquire Substantial Group for GBP 2 billion. Substantial Group is the UK’s second-largest alternative fiber provider, and the acquisition will be made by their joint venture company, nexfiber. This deal will expand their combined fiber network to 20 million premises, with the parties committing GBP 1 billion in new net funding.