# Global Connectivity plc to “generate attractive returns” with £75m injection, says Fund Manager

- Link: https://www.directorstalkinterviews.com/global-connectivity-plc-to-%e2%80%9cgenerate-attractive-returns%e2%80%9d-with-75m-injection-says-fund-manager/4121111486
- Published: 2023-03-22T09:52:35+00:00
- Author: Amilia Stone

**[Miton UK MicroCap Trust plc](https://www.directorstalkinterviews.com/company/miton-uk-microcap-trust-plc/mini.l)****(
[LON:MINI](https://www.directorstalkinterviews.com/company/miton-uk-microcap-trust-plc/mini.l))
Co Fund Manager Gervais Williams w**as asked by DirectorsTalk his thoughts on portfolio
company Global Connectivity plc (AQSE:GCON).

> **DirectorsTalk asked**: Global Connectivity, formerly known as Rural Broadband
> Solutions, is bringing high speed, 5G ready connectivity to rural communities 
> in the UK. It’s had a recent capital and skills injection by Tiger Infrastructure
> Partners Fund, so it seems to be in a much better position to expand. What are
> your thoughts?

> **Gervais Williams commented:**
> “What’s interesting about this company is it’s expanding its broadband network
> prior to the Tiger investment , it’s got an established position, there’s plenty
> more opportunity and it can invest at a faster rate than originally expected.
> The Company are expected to generate attractive cash returns in the medium and
> longer term, and what’s interesting is Tiger are now coming in and investing in
> their subsidiary. It’s not just a small amount of money, this is a £1 million 
> company and Tiger are investing £75 million into one of their subsidiaries, and
> their 15% current interest which we retain as that £75 million goes in, effectively
> might be worth £10 million on that basis.
> It’s incredible to find a company that overlooked, I think that’s where we are
> because markets have been so unsettled and because the UK has been a market that’s
> been unsettled for some time. Most investors don’t keep an eye on the smaller 
> end of the market, the opportunity for some of these companies to not just succeed
> but for their share prices to recover when it comes is pretty exciting as far 
> as we’re concerned.”

> **Keith Harris, Executive Chairman of Global Connectivity**, commented in its 
> Trading Update dated 22 February 2023:
> “Tiger shares our vision that we have long held for the business and they add 
> the financial strength  to allow us to fulfil that vision. We are delighted with
> how the relationship has evolved over the past five months to assist communities
> in Shropshire, Staffordshire and Wales as well as other rural areas throughout
> the United Kingdom to solve their immediate and growing requirement for reliable,
> gigabit-capable connectivity. We are now actively engaged in investigating appropriate
> investment opportunities for GCON to continue its expansion.”

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