London-based private equity firm, Kingsley Capital Partners (‘Kingsley’), today announces that it has established Spring Fibre Limited (‘Spring”), a fibre broadband owner and operator, in conjunction with media and telecoms consultant Graphite Strategy.

Spring has been established with the vision to become a leading provider of wholesale fibre provision in the UK. With data usage growing exponentially, current demand for UK fibre internet is unprecedented. Broadband technology has been forced to evolve to meet increased bandwidth demand, and the onset of 5G mobile technology and convergence of data usage to mobile devices has accelerated the need for full fibre-optic networks. 

Kingsley will work closely with Spring’s management team to grow the business, hire further talent, and develop a strategy to fuel the next stage of the business’s growth.

Neil Mahapatra, Managing Partner of Kingsley, said: “Demand for fibre broadband is unprecedented and, with the UK currently ranking toward the bottom of the European league table in fibre penetration, we are very excited to have established Spring”.