investment
Openreach’s ongoing upgrades to Ultrafast Full Fibre broadband could inject an estimated £2.8 billion into the West Midlands economy by 2029, according to a new report from the Centre for Economics and Business Research (Cebr) and Stantec. This transformative project is poised to enhance connectivity, boost local economies, and support social development. The research highlights … Read more
Community Fibre has secured a new £125 million financing facility arranged by JP Morgan, Barclays, LBBW, SIMCo, and Alpha Bank, raising the company’s total investment to £1.1 billion. This milestone comes as Community Fibre, which builds and owns a 100% full-fibre network across London, became EBITDA positive in April 2024. With a rapid rise from … Read more
The National Wealth Fund (NWF) has stepped up its commitment to Netomnia with an additional £25 million loan, enhancing a previous £75 million loan from the UK Infrastructure Bank. This brings NWF’s total support to £100 million for Netomnia’s ambitious expansion of its high-speed broadband network. So far, this funding has connected over 100,000 premises, … Read more
Bloomberg reports that Virgin Media O2 is seeking to raise at least £1 billion by offering a 20% to 40% stake in its newly formed network company. This is part of a larger £5 billion plan to expand full fibre coverage across the UK. However, details are scarce as the information comes from anonymous sources. … Read more
Ogi, Wales’s leading “altnet” for full fibre, has secured a £45m financing package from Cardiff Capital Region (CCR) and additional equity from its primary shareholder, Infracapital. This funding will support Ogi’s expansion across the ten local authority areas in CCR, where the company already has a strong presence. Ogi’s high-capacity network, crucial for cloud computing, … Read more
Full Fibre broadband provider, Fibrus, has secured an additional £100M tranche of Senior Debt, which means the company is fully funded to complete its rural roll-out plan and reach half a million homes across Northern Ireland and Cumbria within the next two years. The package is an increase to its existing £200M senior debt facility … Read more
More than 100,000 homes and businesses in the Highlands are set to benefit from ultrafast broadband, thanks to a new £10 million investment from the Scottish National Investment Bank (SNIB). This funding will help bridge the digital divide in areas like the Black Isle, Great Glen, and Cairngorms, expanding the network to underserved communities. Highland … Read more
Sky News has just revealed that Sir Charles Dunstone, the entrepreneur behind TalkTalk, has secured a £400m refinancing deal to steer the company away from a looming debt default. The arrangement includes an immediate £65m injection from shareholders, followed by an additional £170m, with assets like Virtual1 (now moulded into the PXC brand) and customer … Read more
Quickline has secured two significant Project Gigabit contracts, worth £190 million, to upgrade broadband for 108,000 rural homes and businesses in Yorkshire and Lincolnshire. This move solidifies Quickline’s position as a key player in delivering gigabit-capable broadband to hard-to-reach areas. The initiative will also expand Quickline’s commercial network to 107,000 more premises.CEO Sean Royce highlighted … Read more
Submit your news below for your chance to be featured on Fibrenews.
