A recent survey from bOnline has shown that many SMEs are unsure about the availability of altnet in their area, with confusion over the UK’s broadband roll-out strategy.
nexfibre has secured a £250m debt investment from UK Infrastructure Bank to support its aim of passing five million homes by 2026.
This investment forms part of nexfibre’s £3.1bn fully underwritten and fully syndicated debt financing, the second largest in the UK digital infrastructure market to date
In addition, nexfibre has secured £1.4bn in equity commitments from joint venture partners InfraVia Capital Partners, Liberty Global and Telefónica.
Bernardo Quinn, CEO at nexfibre said: “This financial stability means we are well placed to deliver on our mission and support the Government’s ambitions to make gigabit broadband available nationwide by 2030.”