Maven Capital Partners
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. ITS already operates a number of fibre networks and will use the funding to invest in further networks in new geographical locations, as well as further strengthen the sales and operational capabilities of the business. The company also offers other services to its business customers such as Voice over Internet Protocol (VOIP) telephony, wireless technology and IT managed services.
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. Customers then benefit from a robust and cost effective fibre solution in areas which have been underserved by the major providers for many years.