Borderlink, which trades as GoFibre, has received a further £164m investment from Gresham House to accelerate its full fibre rollout in Scotland and the north of England.
Tue, 4/01/2022 - 10:46
Bath-based Truespeed has secured a second tranche of funding from Aviva Investors. The extra £100m boosts the full fibre infrastructure provider's roll out to more homes and businesses across urban, semi-rural and ultra-rural areas of south west England.
It follows an initial £75m investment made by Aviva Investors in 2017.
In the past year Truespeed has doubled the size of its network. As well as expanding its footprint in hard-to-reach rural areas the firm has extended its build to the heritage cities of Bath and Wells. And in December 2021 the firm announced the start of its network build in Glastonbury, Shepton Mallet and Street.
Sean McLachlan, Senior Director, Infrastructure, at Aviva Investors, said: "Since our initial investment Truespeed has continued to deliver gigabit-capable broadband infrastructure to under-served locations across the south west of the UK.
"This second tranche of funding reflects our belief that the company and its activities not only represent a sound investment, but also create significant social benefits for local communities across the country."
James Lowther, Truespeed CEO, added: "This next tranche of investment will allow us to significantly accelerate our roll out as we embark on our next phase of growth."
