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Sale of Ultrafast Fibre for

  • Cameron Partners advised WEL Networks Limited on the sale of UFF Holdings Limited, the holding company for Hamilton-based fibre business Ultrafast Fibre Limited (UFF) to two funds managed by First Sentier Investors

  • UFF builds, owns and operates an optical fibre network in the Waikato, Taranaki, Bay of Plenty and Manawatu-Whanganui regions of New Zealand’s North Island

  • UFF was established in 2010 as one of four companies who successfully tendered to build the first phase of the New Zealand Government’s fibre-to-the-home broadband initiative (UFB)

  • Having also participated in the second UFB phase, UFF’s network now comprises over 3,500km of fibre providing access to ultra-fast broadband for more than 237,000 premises

  • This transaction was awarded M&A Transaction of the Year at the INFINZ industry awards held in 2021