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Broadband, TV and mobile provider VMO2 (Virgin Media and O2) is reportedly seeking outside investors to raise a further £1bn in order to help fund the company’s plan (here) for opening up their existing fixed line network to wholesale via a new business (NetCo), which is expected to be introduced during the first half of 2025.
Debt plagued UK ISP TalkTalk has this afternoon confirmed that they’ve formally signed a binding agreement on detailed terms of the refinancing package, which was announced on 12th August 2024 (here) and is said to be worth around £400m. This extends the group’s debt maturities to September 2027 and buys them more time to fix the roof.
Alternative network operator Open Fibre Networks Limited (OFNL / GTC / BUUK), which typically serves new build homes with gigabit fibre (FTTP) via several of their supporting UK broadband ISPs, appears to be suffering a major national outage this morning that is also making it difficult to access their Incidents Page.
The newly appointed CEO, Tom Rigg, of rural focused full fibre (FTTP) broadband ISP B4RN has told Richard Tang, the boss of Zen Internet, in a new interview that their network now passes 27,000 premises in rural areas and is home to almost 14,000 customers. But they have no plans to “split everything off and then try and go wholesale” with the network.
Alternative broadband provider Gigaclear, which has built a gigabit-capable Fibre-to-the-Premises (FTTP) network to cover 500,000 premises (RFS) in England (inc. 100,000 customers), has introduced a new range of discounts that rejigs their packages and prices for those placing an order during September 2024.
Broadband ISP Quickline, which is building a new gigabit-capable Fibre-to-the-Premises (FTTP) and 5G powered fixed wireless access (FWA) network across rural and semi-rural parts of the North East and Midlands of England, will this morning significantly cut the prices on some of their packages and introduce symmetric speeds on their full fibre plans.
Openreach (BT) have restored their broadband and phone services in the Swanscombe and surrounding areas of Kent (England), which follows a major network outage that struck thousands of local premises. This began after damage was caused to the operator’s core fibre optic cables at around midday on Saturday (31st Aug).
Oxfordshire-based alternative full fibre operator Zzoomm, which has deployed their 2Gbps Fibre-to-the-Premises (FTTP) broadband ISP network to cover 202,000 premises (RFS) in England, have reportedly accelerated their plans for an M&A (Mergers and Acquisitions) drive with the appointment of Acuity Advisors to help identify prospective deals.