G.Network secures further £85m funding from USS

G.Network has secured additional funding of £85m from its long-term equity investor USS to fuel a new growth phase.

The altnet resumed its build in February after recalibrating with a more commercial focus that has driven blended ARPU towards £50.

Looking ahead, key areas of strategic focus will include developing the B2B retail and wholesale business and building more fibre network with its strategic partners such as Boldyn Networks.

This network development will include fibre infrastructure to support small cells, CCTV and other smart city applications enabling a better-connected London.

G.Network will also continue partnering with landlords and developers to pre-wire flats and office blocks across the network.

CEO Kevin Murphy said: “Our vision to build a better-connected London is coming to fruition and would not have been possible without the ongoing investment and support of USS."