Birketts advised the UK’s leading provider of last-mile utility networks, BUUK Infrastructure Limited (BUUK), on the formation of a strategic partnership with Sky which will open up significant opportunity for growth in the new build residential fibre market.
BUUK design, own and operate multi-utility networks, providing gas, electricity, fibre, water, waste water and district energy infrastructure solutions across England, Wales and Scotland. Operating in new-build housing and commercial markets, the Bury St Edmund’s based company serves 1.5 million homes and BUUK’s customers include most of the national housebuilders.
As part of the deal Sky will become anchor tenant for broadband services in new and existing residential developments connected by BUUK. The project aims to boost the rate of connection of full fibre for new-build buyers across the UK.
The Birketts’ team acting on this deal was led by Ed Savory, Alex Nelson and Adrian Possener with support from Sarah Branwhite and Lauren Guiler (Corporate), Paul Palik and Ed Bouckley (Commercial) and Mat Newnham (Employment).
Leading Partner Ed Savory commented: “We were delighted to support BUUK with this transaction to strengthen BUUK’s position in the new-build division of the residential market. The successful close of this transaction demonstrates the strength of Birketts’ full service capabilities, with solicitors co-operating across teams to offer clients the very best level of service and efficiency. It is always a pleasure to advise BUUK.”
CEO of BUUK, Clive Linsdell, added: “We are excited to embark on this strategic partnership with Sky. By working together to bring full fibre broadband to thousands more new home owners, we hope this relationship will open up space for further growth in this area of the marketplace and also improve connectivity for consumers nationwide. Birketts has provided us with excellent advice throughout the transaction. The firm’s specialist knowledge and exceptional client service, has been instrumental in getting this over the line.”
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The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at September 2019.