Mobile mast firm Wireless Infrastructure Group looks to expand

Wireless Infrastructure Group (WIG) has agreed to take on board a new shareholder. The FTSE 250-listed fund 3i Infrastructure has committed £75m to take a 36% stake in the Bellshill-based firm. The company builds and operates telecom masts in suburban and rural areas. Being independent of the major mobile phone operators, it provides capacity which they can pay to share. Earlier this year, Bellshill-based WIG announced plans to invest £1bn in new UK infrastructure. That is to be focussed on new, mainly rural locations for masts, as the telecoms regulator requires providers to reduce the 'not-spots' in coverage.