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International Public Partnerships Ltd on Tuesday said NextGenAccess Ltd has been sold to ITS Technology Group Ltd, for an undisclosed amount.
Back in October 2018, the London-based infrastructure investor said it would invest up to £9.9 million in NextGenAccess.
NextGenAccess is a developer of ultrafast wholesale and custom fibre infrastructure across England and Wales.
The investment fell within the company's commitment to invest £45 million in digital infrastructure via the National Digital Infrastructure Fund alongside the UK Treasury.
NDIF has financed a major extension of NextGenAccess' networks across the UK, notably in Bristol, Newport, Essex and London, the company noted.
NextGenAccess will continue to operate as a stand alone business as part of ITS Technology, a Warrington-based full-fibre network operator, International Public Partnerships added.
Shares in International Public Partnerships were down 0.1% to 162.41 pence each in London on Tuesday morning.
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