12th September 2006

Dow Schofield Watts has advised on the re-financing of H2O Networks Limited by the Coalfields Enterprise Fund, managed by Enterprise Ventures Limited. Financial details of the transaction have not been disclosed.

By using the existing waste water network H2O Networks has been established to provide universities, local authorities, telecoms carriers, and other customers with a high speed, low cost, connectivity solution by the use of fibre optic cables. In particular this will take the form of creating virtual private networks, and new connectivity possibilities for existing carriers, and by expanding existing networks by offering greater resilience and disaster recovery options.