investment
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
The UK Infrastructure Bank has just announced a £35 million investment into Cornwall-based internet provider Wildanet. This injection of funds will support Wildanet’s efforts to bring superfast full fibre broadband to “hard to reach” locations in Cornwall. Wildanet is set to upgrade and expand its full fibre footprint to some of the hardest-to-reach homes and … Read more
CityFibre has fully automated its network infrastructure test environment, allowing for faster and more accurate testing of new products, technology changes, and software upgrades. This move enhances their ability to innovate and introduce emerging technologies efficiently. With the help of test automation leader Red Helix and a bespoke framework designed by IGXGlobal UK, CityFibre has … Read more
Hyperoptic has secured a £150 million commitment from the UK Infrastructure Bank (UKIB), increasing its committed debt facility to over £1.1 billion. This funding supports the government’s efforts to expand gigabit-capable broadband across the UK. Hyperoptic has already passed more than 1.73 million homes and connected 340,000 customers to gigabit-capable full fibre. The additional £150 … Read more
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