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.
Fri, 7/07/2023 - 11:53
LightSpeed has been acquired by Kompass Kapital following a period of restructuring which saw reported job cuts and a dip in build rate.
Kompass Kapital first invested in The LightSpeed Group in February 2021 and has now acquired 100% of the share capital from the Atmosclear Investments Group.
As part of this transaction, Kompass Kapital has also committed new capital to the business.
LightSpeed Director Graham Bell said: “With this new investment, LightSpeed is poised to accelerate its growth trajectory.”
The altnet received £60m investment from Sequoia Economic Infrastructure Income Fund in 2021 and committed to passing one million homes by 2025.
Spalding Today reported news from a company whistleblower in April that the altnet would make more than 19 redundancies through reorganisation following a dip in build rate.
