London fibre shake-up: ‘aggressive’ ex Macquarie investors swoop on distressed G.Network

Neal Doran and Alex Birkhead2026-01-07T17:28:00

Source: G.Network

In-depth: £500m later, lender patience exhausted, and investors sidestepped — London altnet falls into hands of FitzWalter. As ‘ruthless’ distressed asset specialist swoops on unloved fibre builder, TelcoTitans considers whether bold move signals long-awaited reality check for UK fibre valuations and consolidation…

This article includes:

Themes: Distressed assets; Fibre-to-the-premises (FTTP); Infrastructure investment; Loan-to-own; Mergers and acquisitions (M&A); Private equity; Telecommunications; Utilities; Wholesale telecommunications.
Events: G.Network acquisition.
People: Ben Brazil; Scott Forbes.
Geographic: London; United Kingdom (UK).
Organisations: Advanced Utility Networks; Auction Technology Group (ATG); CityFibre; Colt; Community Fibre; Cube Infrastructure Managers; FitzWalter; G.Network; Hyperoptic; Investec; ITS; Macquarie; NatWest; Netomnia; Openreach; Onyx Centersource; Peridot Solar; Prefect Holdco; PwC; Santander; Universities Superannuation Scheme (USS); VietJet; Vietnam Airlines; Virgin Media O2 (VM O2); Vorboss.

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