Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
Wed, 5/04/2023 - 12:05
Lothian Broadband has completed a £20m senior debt raise arranged by Scottish National Investment Bank, taking their total investment capacity up to £50m for 2023.
This will support Lothian with the expansion of its network which is on target to pass 100,000 rural Scottish premises by the end of 2024.
The altnet is currently working throughout the Highlands, East Lothian and Fife, targeting rural settlements and small towns.
CEO Gavin Rodgers said: “This further support from the Bank highlights our effectiveness at working with our partners in government and local communities to transform connectivity in rural Scotland.”
Nicola Douglas, Executive Director at the Bank added: “Our investment in Lothian is already making a difference for both rural businesses and homes and by supporting this state-of-the-art fibre roll out we are future proofing the network.”
ends
