UK fibre: debt-laden Gigaclear scoops funding after ‘disappointed’ investor steps back
Deep dive: Rural specialist Gigaclear confirms £80m+ injection and claims uncertain future now settled. But questions remain amid rumours of potential sale and in wake of backer Equitix making a sharp exit, as the UK’s National Wealth Fund again resembles policy-led Project Gigabit backstop…
This article includes:
- Themes: AI-powered installation tools; Broadband rollout; Cash flow; Debt burden; Debt-for-equity swap; EBITDA positivity; Fibre expansion; Financial resilience; FTTP network; Operational innovation; Project Gigabit; Revenue shortfall; Rural connectivity; Take-up rate.
- People: Nathan Rundle.
- Geographic: Gloucestershire; Oxfordshire; United Kingdom.
- Organisations: ABN Amro; AllPoints; CityFibre; Equitix; Eight Advisory; Freedom Fibre; FullFibre; G.Network; Gigaclear; Grain Connect; Hyperoptic; Infracapital; Lloyds; NatWest; National Wealth Fund; NIBC; Openreach; Railpen; Santander; UK Infrastructure Bank.
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