Investment

Infrastructure investor INPP has confirmed that an agreement is in place for the sale of its stake in Airband.

G.Network has secured an additional £150m of backing from USS, its principal equity investor to accelerate its next phase of growth. 

LightSpeed has been acquired by Kompass Kapital following a period of restructuring which saw reported job cuts and a dip in build rate.

Wildanet has secured an additional £50m of private equity funding from Gresham House, to accelerate and extend its rollout in Cornwall and Devon.

Gigaclear has secured up to £420m in equity investment from Equitix to drive its fibre rollout to service more than a million premises by 2027. Its network currently serves more than 450,000 homes across 23 counties.

Connectus Business Solutions has secured new funding with Time Finance that will drive its plans for expansion, including staff hires and acquisitions.

toob has secured more than £160m from funds managed by Ares Management’s Infrastructure Debt strategy to grow its customer base to more than 120k customers and extend its network to over 300k premises.

4th Utility has received a £25m investment from Netherlands-based NIBC Bank and will now look to accelerate growth and connect more homes than ever before. 

Gigaloch has secured its first institutional financing round as it targets up to 200,000 premises in Scotland.

Lothian Broadband has completed a £20m senior debt raise arranged by Scottish National Investment Bank, taking their total investment capacity up to £50m for 2023.