Maven Capital Partners
In January 2020 the Maven VCTs sold its holding in ITS to Aviva. ITS builds and maintains fibre networks, providing fast and reliable connectivity to businesses in mainly rural or harder to reach locations across the UK. Many of these areas are poorly serviced by existing telecommunications infrastructure, which is a barrier for businesses in the region which need fast and resilient fibre communications to operate effectively.
Over the past few years ITS have secured exclusive concession agreements with local authority partners which allows the business to commercialise the spare capacity of the authorities’ existing duct infrastructure. This means ITS can rapidly deploy fibre networks without any significant disruption to the local area and generate much needed funds for the local authority via their revenue sharing model.