G Network, a fibre broadband provider that has connected hundreds of thousands of Central London premises, is exploring a potential sale following interest from various buyers. According to Sky News, the company, which counts Britain’s university lecturers’ pension scheme among its investors, is working with bankers to evaluate takeover bids.
Sky Sources indicate that G Network, which has raised hundreds of millions of pounds in debt and equity, has engaged Nomura and Jefferies as advisers to navigate the sale process.
Prominent names such as CityFibre Holdings and Community Fibre are reportedly among the interested parties eyeing G Network. Analysts predict a surge in consolidation within the altnet space as companies face higher debt interest costs, having borrowed substantial sums to finance their network rollouts.
G Network has successfully connected 416,000 broadband connections in Central London, making it a valuable asset for any consolidator looking to expand their scale in the capital.
