{"id":15971,"date":"2018-04-25T13:35:15","date_gmt":"2018-04-25T12:35:15","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=15971"},"modified":"2018-04-25T13:35:15","modified_gmt":"2018-04-25T12:35:15","slug":"business-isp-luminet-secure-3m-boost-from-private-equity-firm","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2018\/04\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html","title":{"rendered":"Business ISP Luminet Secure \u00a33m Boost from Private Equity Firm"},"content":{"rendered":"

London-based UK ISP Luminet<\/a> has secured a development focused capital funding boost of \u00a33m from the Foresight Group, which is an independent infrastructure and private equity investment firm. The extra funding will be used to grow their customer base, boost marketing and improve the network.<\/p>\n

The money will come as a huge boost to the business, which has been quietly building out their own fibre optic network and a completely independent Fixed Wireless Access (FWA) infrastructure (mostly in London where 550 businesses use their service) in order to support their managed connectivity solutions.<\/p>\n

As part of the deal, Foresight will introduce an experienced NED chairman to the provider.<\/p>\n

Mike Quinn, Foresight’s Senior Investment Manager, said:<\/strong><\/p>\n

“We have known Luminet for some time and have been impressed by the wireless network they are building across London. The need for fast, reliable connectivity is ever increasing and the service offered by Luminet, particularly in the densely populated South East, is in high demand. We are excited to work with Sasha and his team as they look to accelerate the growth of the business.”<\/p><\/blockquote>\n

Sasha Williamson, CEO of Luminet, added:<\/strong><\/p>\n

“In the last year, Luminet has transformed from a business broadband ISP to a managed service provider. We operate in a sector with high levels of M&A activity, which the team at Foresight have extensive experience with. We are excited to be working with Foresight at such an important stage of the Company\u2019s development.”<\/p><\/blockquote>\n

Last year the ISP’s CEO, Sasha Williamson<\/strong>, told ISPreview.co.uk that the UK should focus on deploying Gigabit broadband networks “nationwide<\/em>” and that the plan for a 10Mbps USO was “laughable in this digital age<\/em>” (here<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

London-based UK ISP Luminet has secured a development focused capital funding boost of \u00a33m from the Foresight Group, which is an independent infrastructure and private equity investment firm. The extra funding will be used to grow their customer base, boost marketing and improve the network.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472],"class_list":["post-15971","post","type-post","status-publish","format-standard","hentry","category-uk_isp_news","tag-business"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nBusiness ISP Luminet Secure \u00a33m Boost from Private Equity Firm - ISPreview UK<\/title>\n<meta name=\"description\" content=\"London-based UK ISP Luminet has secured a development focused capital funding boost of \u00a33m from the Foresight Group, which is an independent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2018\/04\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business ISP Luminet Secure \u00a33m Boost from Private Equity Firm - ISPreview UK\" \/>\n<meta property=\"og:description\" content=\"London-based UK ISP Luminet has secured a development focused capital funding boost of \u00a33m from the Foresight Group, which is an independent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ispreview.co.uk\/index.php\/2018\/04\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\" \/>\n<meta property=\"og:site_name\" content=\"ISPreview UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ispreview\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/ispreview\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-25T12:35:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ispreview.co.uk\/wp-content\/uploads\/2020\/07\/ispreview_uk_logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Jackson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ispreview\" \/>\n<meta name=\"twitter:site\" content=\"@ispreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Jackson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\"},\"author\":{\"name\":\"Mark Jackson\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/#\\\/schema\\\/person\\\/de66a8b4e937c21c80e443d1bf9c35d5\"},\"headline\":\"Business ISP Luminet Secure \u00a33m Boost from Private Equity Firm\",\"datePublished\":\"2018-04-25T12:35:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\"},\"wordCount\":292,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/#organization\"},\"keywords\":[\"Business\"],\"articleSection\":[\"ISP News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\",\"url\":\"https:\\\/\\\/www.ispreview.co.uk\\\/index.php\\\/2018\\\/04\\\/business-isp-luminet-secure-3m-boost-from-private-equity-firm.html\",\"name\":\"Business ISP Luminet Secure \u00a33m Boost from Private Equity Firm - 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