8 years ago

Gigaclear Raises £111 Million to Expand Rural Broadband Network

  • Gigaclear, a UK-based broadband network provider, has secured £111 million in equity funding

  • Existing shareholders Infracapital and Woodford Investment Management invested £60 million and £15 million respectively, while RPMI Railpen, the investment manager for the Railways Pension Scheme, joined as a new investor, committing £35 million

  • Gigaclear plans to utilize the funds to expand its full fibre network in rural Britain.

      • ProblemTelecommunications

      "Rural communities in the UK have limited access to high-speed internet, hindering their ability to work, learn, and connect with the world."

      Solution

      "Gigaclear builds full fiber optic networks in rural areas, providing ultra-fast broadband access to homes and businesses."

      Covered on