31 January 2001
Telecom Finance HighSpeed Office, advised by ARC Associates, has been selected by a consortium of UK landlords as the provider of broadband services to tenants in their commercial properties. The consortium, consisting of the British Land Company, Canary Wharf Group, Legal General Property, Morley Fund Management and Prudential Property Investment Managers, was advised by Morgan Stanley Dean Witter on the transaction.
The agreement covers over 2,000 properties in the UK and 15 further property start-ups are said to be considering joining the consortium. HighSpeed Office is backed by ARC Associates and Marconi. The latter is a minority equity partner and significant strategic partner.
Reproduced from Telecom Finance
http://www.telecomfinance.com/