{"id":34791,"date":"2023-06-20T14:57:03","date_gmt":"2023-06-20T13:57:03","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=34791"},"modified":"2023-06-20T15:00:15","modified_gmt":"2023-06-20T14:00:15","slug":"rural-uk-full-fibre-isp-airband-reportedly-seeking-new-funding","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/06\/rural-uk-full-fibre-isp-airband-reportedly-seeking-new-funding.html","title":{"rendered":"Rural UK Full Fibre ISP Airband Reportedly Seeking New Funding"},"content":{"rendered":"

Alternative network provider Airband<\/a>, which aims to cover 600,000 UK premises in rural areas via a mix of their wireless (FWA) and full fibre (FTTP<\/a>) broadband networks by the end of 2025, has reportedly appointed restructuring firms AlixPartners and Houlihan Lokey to help find additional funding amid difficult conditions.<\/p>\n

The operator, which is supported by Aberdeen Standard Investments<\/strong> (ASI) and in 2021 secured a \u00a3100m<\/strong> debt package from an international banking consortium (HSBC, Lloyds, Nord LB and Sabadell), claims to have already passed 200,000 homes<\/a>. But we don’t know the technology split of that figure, while another recent press release confusingly put the figure at “over 160,000 premises<\/em>” (here<\/a>) – we did query this but received no reply.<\/p>\n

Airband<\/a> are also known to have secured a number of state-aid supported rollout contracts, such as via the Connecting Devon and Somerset<\/a> (CDS) and Connecting Shropshire<\/a> programmes in England. In addition, the provider recently announced the appointment of Ian Fishwick<\/strong> to be both their new Chairman and a Non-Executive Director.<\/p>\n

However, according to a report on SkyNews<\/a> today, Airband<\/a> is said to require a “substantial injection of new capital<\/em>” and has allegedly been working on financing options for several weeks. Such news, if confirmed, would not come as a huge surprise in the current climate, which has seen many AltNets face pressures from rising costs, aggressive competition from rivals (e.g. overbuild) and the need to secure a viable level of take-up by consumers. Not to mention the need to continue delivering on their build targets.<\/p>\n

At the same time, it’s not uncommon for situations like this to increase the risk of a slowdown in the pace of build and thus a possible rise in the potential for job losses, which may occur if a provider feels it needs to re-focus on generating take-up. Consolidation is also another option, albeit usually not the first port of call on the list of things to try. At the time of writing, Airband has not commented on Sky’s report.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternative network provider Airband, which aims to cover 600,000 UK premises in rural areas via a mix of their wireless (FWA) and full fibre (FTTP) broadband networks by the end of 2025, has reportedly appointed restructuring firms AlixPartners and Houlihan Lokey to help find additional funding amid difficult conditions.<\/p>\n","protected":false},"author":1,"featured_media":30223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,438,56,434,459,439,476],"class_list":["post-34791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-devon","tag-fttp","tag-oxfordshire","tag-shropshire","tag-somerset","tag-wifi"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nRural UK Full Fibre ISP Airband Reportedly Seeking New Funding - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative network provider Airband, which aims to cover 600,000 UK premises in rural areas via a mix of their wireless (FWA) and full fibre (FTTP)\" \/>\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\/06\/rural-uk-full-fibre-isp-airband-reportedly-seeking-new-funding.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rural UK Full Fibre ISP Airband Reportedly Seeking New Funding - 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