Investment

Wessex Internet has secured a £50m investment from the National Wealth Fund (NWF) to expand coverage to 140,000 hard-to-reach homes and businesses.

A new 10-year strategy that “sits at the heart of plans to renew the UK” has been published by the government and will include proposals that are backed by £725bn in long-term funding for maintenance and major projects, which promises to “transform how infrastructure projects are planned and delivered”.

Glide Group has shared ambitions to accelerate it Wi-Fi connectivity rollout alongside its full fibre build through new funding from NatWest.

Connectus is investing an additional £500,000 at Doncaster Airport Business Park, which will allow the company to expand its work in and around the site’s Innovation Centre that includes 140 business units for start-ups and expanding businesses.

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.

A refinancing deal to inject almost £500m into CityFibre by shareholders is being negotiated by investors to provide fresh equity funds that would be partly used to finance further altnet takeovers.

The west of England is stepping up its digital game with a new initiative that hopes to help unlock a £1.3 billion annual boost to the region’s economy powered by private investment in better broadband and mobile connectivity – a boost that will benefit the 16,000 local residents still not connected to superfast broadband.

Voneus has received a further combined capital investment of £6,198,805 from its shareholder Global Connectivity plc (GCON), on 15th January, which follows from recent investment in 2024.

Quickline has taken a significant step in its commitment to nurturing regional talent by welcoming its first cohort of telecoms apprentices, reflecting the company’s dedication to delivering social value as part of its four government-awarded Project Gigabit contracts.

Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).