Virgin Media broadband rollout prequalifies for guarantees

Sunday 22 March 2015 | 21:27 CET | News
The UK government has prequalified Virgin Media's GBP 3 billion superfast broadband network expansion for the UK Guarantees Scheme, which provides sovereign-backed guarantees to help projects find finance. The Digital Communications Infrastructure Strategy (DCIS) document reveals that the government has "prequalified the expansion of Virgin Media's ultrafast broadband network for the UK Guarantees Scheme" with guarantees provided on a commercial basis, with pricing depending on projects' risk and structure. Up to GBP 40 billion of guarantees can be offered. The government seeks industry

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Categories: Fixed / Internet
Companies: Virgin Media
Countries: United Kingdom
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