London Full Fibre Broadband ISP G.Network Appoint New Chairman

London focused UK broadband ISP G.Network, which is building a gigabit speed Fibre-to-the-Premises (FTTP) network across parts of the city centre, has recently announced another change of Chairman as Ian Gray, who only took on the role in August 2023 after Sean Williams resigned (here), steps down to be replaced by Steve Andrews.

According to a Linkedin post by the operator, Ian’s departure is said to be because he has “achieved his goals” following the “successful refinancing and transformation of the business to enable commercial growth“. The operator is currently still building, albeit seemingly at a slower pace, and they’re now focusing a lot more on building customer take-up.

The news follows shortly after the operator secured an additional investment of £85m from long term equity investor USS to support their “next phase of growth“ (here), which was on top of last year’s commitment by the same investor for “up to an additional” £150m (here).

Meanwhile, Steve Andrews is an experienced TMT industry leader and current Non-Executive Director of the company, who will now assume the role of Chairman to “lead the business through its next phase“. In addition, the former CEO of Jersey Telecom (JT), Graeme Millar, will be joining the Board as a Non-Executive Director.

Bob Hewson (USS) and Aurelien Roelens (Cube) said:

“We would both like to personally thank Ian for his significant contribution as Chairman. He played a critical role in the transformation and refinancing of the company.”

Residential customers of the service typically pay from £17 per month for a 150Mbps (50Mbps upload) service on a 24-month term with free installation (£22 thereafter), which rises to £30 for their top 900Mbps plan (£35 thereafter). Shorter 12 and 1 month contracts are also available, albeit at extra cost, and a symmetric speed 900Mbps plan does exist too.