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.
Investment
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.
ITS Technology Group has secured £100m of debt financing from Avenue Capital Group to bolster its ambitions to reach 50% of UK commercial business premises.
Connected Britain 2023 saw stakeholders from across the connectivity landscape discuss the evolution of the UK fibre market, with one message echoing around the ExCel – the gold rush is over.
TalkTalk has secured a £75m non-recourse financing facility from investment firm KKR.
brsk has secured an additional £156m debt investment from existing backers Ares Management.
Infrastructure investor INPP has confirmed that an agreement is in place for the sale of its stake in Airband.