{"id":34173,"date":"2023-04-10T11:18:49","date_gmt":"2023-04-10T10:18:49","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=34173"},"modified":"2023-04-10T11:18:49","modified_gmt":"2023-04-10T10:18:49","slug":"agnar-uk-infrastructure-take-control-of-full-fibre-provider-trooli","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/04\/agnar-uk-infrastructure-take-control-of-full-fibre-provider-trooli.html","title":{"rendered":"Agnar UK Infrastructure Take Control of Full Fibre Provider Trooli"},"content":{"rendered":"

A recent update to the Companies House<\/a> records for broadband ISP Trooli<\/a>, which was rolling out a new gigabit-capable Fibre-to-the-Premises (FTTP<\/a>) network across parts of England and recently became the subject of various takeover talks, has confirmed that a new company called Agnar UK Infrastructure Ltd has taken significant control (75%+) of the business.<\/p>\n

Just to recap. Trooli<\/a> was previously supported by an investment of \u20ac30m from the Connecting Europe Broadband Fund<\/strong> (Cube Infrastructure Managers) and \u00a35m from NatWest<\/strong>. But this was given a boost in 2021 by a new \u00a367.5m debt facility agreement via a consortium of commercial lenders, facilitated by the CEBF (here<\/a>).<\/p>\n

The operator had been busy building their new full fibre network to serve a sizeable number of towns and villages in Derbyshire, Kent, East Sussex, Berkshire, Buckinghamshire, Cambridgeshire, Hampshire and Suffolk. The initial goal had been to reach 400,000 premises across around 300 towns and villages by Dec 2022, but the last figure we had was 275,000 passed in August 2022 and even that seems a little high (but we think they are closer to 200k in Ready for Service terms).<\/p>\n

However, in order to keep going, Trooli<\/a> needed more money, which is something that they had struggled to secure. Questions also surround how much take-up their network had been able to generate. In short, the operator has recently become the subject of intense speculation around the possibility of an equity sale, merger, or takeover by a rival provider.<\/p>\n

Most recently, the FT<\/a> reported that Paris-headquartered Vauban Infrastructure Partners and Axione, a Vauban-backed company, were in discussions to acquire Trooli too. The latest official update on Companies House, which was spotted by one of our readers (here<\/a>), reveals that a brand-new company called Agnar UK Infrastructure Ltd<\/strong> has now officially taken control of the business. Agnar UK has two French directors, both of which are connected to Vauban partners. All Trooli’s original UK Directors have now resigned.<\/p>\n

Exact details of the agreement have not yet been revealed, although some previous reports suggested that Trooli’s network could be worth around \u00a3100m. Similarly, it is unclear whether the provider’s original ambition, which saw them aiming to reach 1 million UK premises by the end of 2024, is still intact. But given that Trooli’s build phase has been somewhat paused for a few months, and such things can be tricky to restart, then the provider’s ambitions may face some delay.<\/p>\n

We have reached out to Trooli for a comment, but given that it’s Easter, we don’t expect to hear back immediately.<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent update to the Companies House records for broadband ISP Trooli, which was rolling out a new gigabit-capable Fibre-to-the-Premises (FTTP) network across parts of England and recently became the subject of various takeover talks, has confirmed that a new company called Agnar UK Infrastructure Ltd has taken significant control (75%+) of the business.<\/p>\n","protected":false},"author":1,"featured_media":31219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,1869],"class_list":["post-34173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-trooli"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nAgnar UK Infrastructure Take Control of Full Fibre Provider Trooli - ISPreview UK<\/title>\n<meta name=\"description\" content=\"A recent update to the Companies House records for broadband ISP Trooli, which was rolling out a new gigabit-capable Fibre-to-the-Premises (FTTP) network\" \/>\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\/2023\/04\/agnar-uk-infrastructure-take-control-of-full-fibre-provider-trooli.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agnar UK Infrastructure Take Control of Full Fibre Provider Trooli - 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