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.
Investment
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.
Community Fibre has signed a new finance facility of £985m which will enable the company to continue its roadmap of passing 2.2m London homes by the end of 2024.
Rural Broadband Solutions (RBBS) has received a control investment of £75m from Tiger Infrastructure to boost its rural rollout in Shropshire and Wales.
Brsk has secured £103m funding, which can be upsized to £178m over time to support future growth, by Ares Management Corporation to continue its full fibre rollout.
CityFibre’s investment into Leeds’ digital infrastructure may unlock £1.4bn in economic benefits, according to a report by Hatch.
abrdn’s Core Infrastructure team will make a major equity investment in Wessex Internet to accelerate the deployment of its rural south west rollout.