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Broadband

Gigaclear to speed-up FTTH rollout with new equity injection

Monday 11 May 2015 | 09:30 CET | News
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UK fibre operator Gigaclear is expected to soon announce substantial equity injections for the rollout of ultrafast broadband network in rural UK areas, the Financial Times reported. The UK fibre operator could make the announcement this week. The funds will come from Infracapital, the infrastructure investment arm of Prudential, and Woodford Investment Management, which will each take about a third of Gigaclear. The money will be used to accelerate the rollout of ultrafast FTTH services to villages and small towns around the UK that have poor access to internet services.

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Categories: Internet
Companies: Gigaclear
Countries: United Kingdom
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