SMEs in London are missing out on an estimated £28bn in annual revenue due to slow and unreliable workplace broadband, according to research from G.Network.
Virgin Media O2 is seeking £1bn in investment to realise its full fibre ambitions according to reports in Bloomberg.
Citing sources who wish not to be named Bloomberg repeats that Virgin Media O2 is offering 20-40% of its network building company which is investing £5bn.
It is unclear from the reports whether it is NexFibre or NetCo seeking investment. The later is set to become the wholesale arm running the network with Virgin Media O2 working as a retail customer.