Openreach is continuing to roll out faster broadband across the UK, and has connected around 8,000 residents in Barnet to its upgraded network, improving digital access to essential services.
Tue, 26/07/2022 - 13:32
Gigaclear is reportedly working with Rothschild to raise between £200m and £300m of capital, according to an article from Sky News.
The altnet passed the 300,000-premise milestone in May and recently secured PTC status with Openreach.
Gigaclear is currently backed by Infracapital following a £270m takeover back in 2018. The target has since been to hit 500,000 premises by the end of 2023.
This capital raise could comprise a combination of debt and equity and would allow Gigaclear to add further scale, perhaps expanding this target.
