Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
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.
