Freshwave has secured a committed credit facility of up to £100m from Guggenheim Investments, on behalf of certain clients, to fund its continuing expansion.
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners.
This funding builds on the significant investment made to date by global alternative asset manager DigitalBridge.
Freshwave has maintained a compound annual growth rate (CAGR) exceeding 30 percent over the past five years, with addressable digital infrastructure market forecast to grow at a CAGR of more than 20 percent.
This credit facility allows Freshwave to maximise this market opportunity and continue to deliver connectivity and products to its growing roster of blue-chip customers.
As an early proponent in the emerging field of neutral host organisations, Freshwave has been instrumental in developing the multi-operator “enterprise pays” approach to indoor mobile connectivity, enabling this essential technology to be deployed in many more buildings.
Furthermore it is responsible for a wide variety of industry firsts, including small cell solution Omni Network, a multi-operator 4G and 5G outdoor network in the City of London, and a partnership which is enhancing connectivity in Haven holiday parks.
Simon Frumkin, CEO of Freshwave, said: “This credit facility will help fund Freshwave’s continued expansion and reflects confidence in both the strength of our business and the neutral host model as a catalyst for faster growth in the digital infrastructure market.”