Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
Fri, 7/10/2022 - 10:45
Brsk has secured £103m funding, which can be upsized to £178m over time to support future growth, by Ares Management Corporation to continue its full fibre rollout.
The funding will boost Brsk’s aim to pass one million premises in underserved parts of the UK.
“People in the UK have suffered from poor broadband for too long. We will continue to upgrade areas that are reliant on outdated copper connectivity and deliver full fibre broadband,” said co-founder Giorgio Iovino.
James Fox, MD, Infrastructure Debt at Ares, added: “We have been impressed by the experience of the Brsk management team and share their enthusiasm for improving digital connectivity across the UK.”
Ares Management Corporation was advised by global law firm Norton Rose Fulbright.
