The UK-based broadband infrastructure provider is now planning a $650m expansion.

Mubadala, the sovereign wealth fund of Abu Dhabi, has made a strategic investment of undisclosed size in UK-based broadband firm Hyperoptic.

The deal will see Mubadala take a minority stake in the business, FinSMEs reported today, with executive director ICT Mounir Barakat joining Hyperoptic’s board.

Hyperoptic is currently planning a £500m ($650m) rollout of its networking technology across the UK over the next three years.