LetterOne Technology’s Investment Into Upp

In UK Taylor Wessing, advised on the matter.

Taylor Wessing advised LetterOne Group with a team including Angus Finnegan (Commercial Law), James Goold (Picture – Corporate M&A), Sean Nesbitt (Human Capital), Paolo Palmigiano (Competition Law), Liz Wilson (Tax M&A and Deal Advisory).

LetterOne Technology invested in the rollout of a £1 billion full fibre network (FTTH) to 1 million premises in eastern England by Upp, a new broadband infrastructure firm. 

The multi-year business plan, which is aiming to level up market towns and coastal areas across Norfolk and Lincolnshire, will create 600 permanent jobs and provide opportunities for the next generation by establishing a local academy developing digital skills. 

The team was led by Private Equity Partner James Goold (Picture), with support from Senior Associate Nick Karangizi, Associate Sarah Wallace, and Trainee Alex Walker. Additional advice was provided by Employment Partner Sean Nesbitt and Senior Associate James Watkins, Tax & Incentives Partners Liz Wilson and Anna Humphrey, Commercial Technology & Data Consulting Partner Angus Finnegan, and Competition Partner Paolo Palmigiano. 


Involved fees earner: Angus Finnegan – Taylor Wessing; James Goold – Taylor Wessing; Anna Humphrey – Taylor Wessing; Nick Karangizi – Taylor Wessing; Sean Nesbitt – Taylor Wessing; Paolo Palmigiano – Taylor Wessing; Sarah Wallace – Taylor Wessing; James Watkins – Taylor Wessing; Liz Wilson – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: LetterOne Group;