Broadband appears to be on the list of priorities for private equity firm KKR as it looks to invest $17 billion from a newly created fund in infrastructure projects across the globe.

Countries like the U.S. are already pouring a significant amount of money into improving infrastructure. But KKR’s head of North American Infrastructure Brandon Freiman said in a statement “global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources.” That’s where private equity comes in, he said.

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