Heathrow investor in Glide towards £200m student broadband firm

A giant American infrastructure fund is placing a bet on growing demand for high-speed internet services among Britain’s student population by striking a deal to buy a leading player in the sector.

Sky News has learnt that Connecticut-based Alinda Capital Partners has agreed to buy Glide Group, which provides fibre broadband to approximately 700 student halls of residence around the country.

Sources said the deal, which is expected to be announced this week, was an early signal of international investors’ willingness to put money to work in the UK, even as the economy braces for a protracted period of turbulence because of the coronavirus outbreak …

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