Investment

Alternative network broadband provider Brsk has secured up to £178m funding from Ares Management to support its UK full fibre broadband roll out.

Lightning Fibre, founded in Eastbourne in 2018, has recently passed 60,000 premises and increased its investment from Foresight Group to facilitate further expansion.

KCOM has unveiled plans to invest £100m across Hull, East Yorkshire and Lincolnshire, targeting expansion, upgrade and inclusion.

The Connecting Cheshire Partnership has announced a £2.9m investment to enable more rural communities to access gigabit broadband. 

A new joint venture between InfraVia Capital Partners and Virgin Media O2’s parent companies Liberty Global and Telefónica, is investing £4.5bn to cover up to seven million homes not currently addressed by VMO2.

Gigaclear is reportedly working with Rothschild to raise between £200m and £300m of capital, according to an article from Sky News.

There’s a lot of buoyancy in the telecoms industry with people looking to invest in the infrastructure that will support a UK-wide gigabit-capable future.

A £200m expansion into Great Britain will see Northern Ireland-based altnet Fibrus connect 40 Cumbrian towns and villages to fibre.

Fibre & Wireless Networks will dial up its south of England rollout following a £25m funding package from Santander UK.

In what has been hailed as one of Europe’s largest ever full fibre financings CityFibre has secured a £4.9bn debt package comprising committed facilities of £3.9bn and an accordion facility of £1bn.