Investment

Wildanet has secured a £35m investment from the UK Infrastructure Bank to accelerate its broadband rollout to underserved rural areas in Cornwall.

The UK Infrastructure Bank (UKIB) has committed £150m to accelerate Hyperoptic’s full fibre rollout and increase its committed debt facility to over £1.1bn

G.Network has agreed additional funding of £85m from its long term equity investor USS to fuel a new growth phase.

A further £18m has been invested into Voneus by its current backers Global Connectivity (GCON), through its involvement in Rural Broadband Solutions Holdings (RBSHL).

Netomnia, along with ISP sister company YouFibre has completed an additional fundraise of £147.5m in its accordion facility welcoming three new lenders: Barclays, Alpha Bank and Nord/LB.

The Department for Science, Innovation and Technology has announced a £62m investment to support the development of technologies that will be crucial to future telecoms networks.

nexfibre will invest £1bn in broadband infrastructure this year as it looks to become the UK’s second-largest competitive network.

A further combined capital investment of £25m has been made into Voneus by its shareholders and lenders.

Gigaclear has entered into a new debt facility of up to £1.5bn, which will be used to accelerate its plans to provide service to more than a million rural premises by 2027.

Wessex Internet and its majority shareholder ASCI III have secured an additional £35m in funding in 2023 for the business’s long-term growth plans.