Investment

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.

Netomnia has raised £230m in committed debt financing alongside its sister ISP company YouFibre.

Grain has secured £130m in funding to accelerate its fibre rollout. This consists of a £110m bank facility from Nord L/B and £21m of additional equity from existing shareholders Equitix, Albion Capital and Pinnacle Group.

A community-run broadband scheme in rural Wales has extended into neighbouring communities through £525,000 funding from the Welsh Government.

Truespeed is making a £22m investment across 12 new areas in the south west, making fibre services available to a further 43,000 properties.

Perth & Kinross Council is seeking to extend its fibre footprint to nearly 10,000 residential and business premises across the city, inviting interest from the market.

Foresight Group has made a significant investment into F&W Networks, enabling the altnet to expand its fibre network which currently passes 185,000 premises in the south of England.