Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
Mon, 14/02/2022 - 11:37
Complete Technology Group (CTG) has secured £125m investment from InfraRed Capital Partners (InfraRed) to develop its Complete Fibre division and improve the broadband capability of 700,000 homes across the UK.
The investment will enable the company to work with social and private landlords and developers, including local authorities and housing associations, to provide multiple fibres in a single installation that can serve an entire building.
According to CTG CEO Eddie Minshull, Complete Fibre will work to raise standards and accountability in housing and telecoms.
He said: “We will be working with landlords to help them improve fibre connectivity in their buildings in a safe, reliable and accountable way, while reducing fire and safety risks to their buildings.
“By working with leading housing groups to develop clear and consistent standards for access agreements, installation and fire-stopping within their homes, CTG will be part of a thread of accountability.”
The investment from InfraRed enables CTG to hire around 100 people in the weeks and months ahead.
ENDS
