Connectus is investing an additional £500,000 at Doncaster Airport Business Park, which will allow the company to expand its work in and around the site’s Innovation Centre that includes 140 business units for start-ups and expanding businesses.
Fri, 7/07/2023 - 11:53
LightSpeed has been acquired by Kompass Kapital following a period of restructuring which saw reported job cuts and a dip in build rate.
Kompass Kapital first invested in The LightSpeed Group in February 2021 and has now acquired 100% of the share capital from the Atmosclear Investments Group.
As part of this transaction, Kompass Kapital has also committed new capital to the business.
LightSpeed Director Graham Bell said: “With this new investment, LightSpeed is poised to accelerate its growth trajectory.”
The altnet received £60m investment from Sequoia Economic Infrastructure Income Fund in 2021 and committed to passing one million homes by 2025.
Spalding Today reported news from a company whistleblower in April that the altnet would make more than 19 redundancies through reorganisation following a dip in build rate.
