Infracapital and Woodford Investment Management inject equity in Gigaclear

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
 Infracapital and Woodford Investment Management inject equity in Gigaclear

Gigaclear has recently announced it has secured an additional £24 million (US$34 million) in new equity to accelerate the build of new Fiber-To-The-Premises (FTTP) networks delivering world-class ultrafast broadband to UK homes and businesses.

Led by Infracapital and Woodford Investment Management, the investment was fully subscribed by Gigaclear’s existing shareholders. This new equity investment follows hard on the heels of the US$28 million EIB loan facility announced in January.

Gigaclear builds completely new pure fiber networks that bring high quality, fast and reliable broadband connectivity to the UK’s rural population. It offers customers speeds up to 1Gbps, 30 times the UK average, via fiber optic cable all the way to each property in areas typically underserved by the existing large broadband providers.  

The company has already built and operates 60 rural fiber networks, and has a strong pipeline with a further 25 in construction.  It targets a market of 1.5 million households and businesses across thousands of rural communities seeking ultrafast and reliable broadband.

Gigaclear was advised in this transaction by Cameron Barney LLP.

Ed Clarke, Co-Founder and Director, Infracapital, said:

“We are delighted to continue our support for Gigaclear as it accelerates its growth rate and strengthens its presence in the market.  Having successfully secured several BDUK contracts and completed this round of fund raising the business is well placed to deliver its 2016 roll out plans.”

Matthew Hare, Chief Executive, Gigaclear said:

“We are building to tens of thousands of potential new customers this year.  The strong financial support of our shareholders lets us get on with the job of delivering Britain’s best future-proof broadband without delay.”

List of country news

Country news

  • April 04, 2016

    Equitix invests in tidal power company Atlantis

    Atlantis Resources Limited, a global developer in the tidal power sector, has recently announced that it has entered into a partnership agreement with Equitix, a market leading developer, investor and fund manager of infrastructure assets with over £1.7 billion (US$2.4 billion) of funds under management. Read more
  • April 01, 2016

    Edmond de Rothschild Asset Management announces second debt fund

    Edmond de Rothschild Asset Management is looking to raise funds fot its second infrastructure debt fund, Benjamin de Rothschild Infrastructure Debt Generation, as part of its ongoing development of the BRIDGE platform.  Read more
  • April 01, 2016

    Laing O Rourke announces the appointment of John Wilkinson as their new UK infrastructure managing director

    Laing O’Rourke has announced the appointment of John Wilkinson as their new UK Infrastructure managing director. Read more
  • March 30, 2016

    Mott MacDonald appoints Chris Dulake as major projects portfolio director

    Mott MacDonald, a multidisciplinary consultancy with headquarters in the United Kingdom, has appointed Chris Dulake as major projects portfolio director. Read more
  • March 28, 2016

    Legal & General Investment Management refinances London Gateway port

    LGR and PPF have invested £250 million and £150 million respectively, in senior debt for the project over a 30 year loan term, managed by LGIM Real Assets. Two additional investors provided a further £180 million of debt. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.