{"id":35406,"date":"2023-08-14T14:00:48","date_gmt":"2023-08-14T13:00:48","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=35406"},"modified":"2023-08-14T17:56:16","modified_gmt":"2023-08-14T16:56:16","slug":"chairman-of-london-full-fibre-isp-g-network-resigns-as-biz-seeks-turnaround","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/08\/chairman-of-london-full-fibre-isp-g-network-resigns-as-biz-seeks-turnaround.html","title":{"rendered":"Chairman of London Full Fibre ISP G.Network Resigns as Biz Seeks Turnaround UPDATE"},"content":{"rendered":"

Credible sources have informed ISPreview that the Chairman of London-focused UK ISP and broadband network builder G.Network<\/a>, Sean Williams, has resigned after nearly five years in the post. The experienced chair is set to be replaced by Ian Gray, who appears to be a specialist in turning struggling businesses around.<\/p>\n

Just to recap. G.Network<\/a> previously committed an investment of around \u00a31bn<\/strong> to help it deploy a new Fibre-to-the-Premises<\/strong> (FTTP<\/a> \/ XGS-PON) broadband network across 1.3 million London premises by around the end of 2026. The last build update we had from them, which was in 2022, stated that they’d covered 400,000 premises. But independent checking has so far only been able to identify 255,000 premises as ready for service (here<\/a>).<\/p>\n

NOTE:<\/strong> Ian Gray is currently a Non-executive Director at Clancy Group Holdings and SVM UK Emerging Fund, with chairmanship experience of over 20 years.<\/div>\n

However, further doubts were cast over the viability of the operator’s rollout targets after they revealed, in May 2023, that around 230 jobs were due to be cut from the business (here<\/a>) and more have since joined them. Thankfully, some good news emerged in July 2023 after the operator’s principal investor, USS<\/strong>, announced another investment boost of \u201cup to an additional<\/em>\u201d \u00a3150 million<\/strong> to keep everything going (here<\/a>).<\/p>\n

The operator has also been going through some management changes and, according to several credible sources, the latest development has seen the resignation of their Chairman, an experienced industry veteran and former-BT<\/a> leader, Sean Williams<\/a>. According to our sources, Sean resigned to pursue his “other interests<\/em>” (note: he’s also the Chairman of another AltNet, Grain Connect<\/a>).<\/p>\n

The move could be pre-planned because our sources indicate that they’ve already announced Ian Gray<\/a> to be Sean’s replacement in the role. Ian’s LinkedIn profile (assuming we’ve got the right one) describes him as a “Chairman\/CEO\/Non-Executive with extensive hands-on international experience of start-ups, regeneration, improvement, growth and exit planning with operational, financial and strategic skills spanning a number of industry sectors<\/em>.<\/span>”<\/p>\n

Back in 2015 Ian won the ‘Business Rescue of the Year<\/em>‘ award from the aptly named Institute for Turnaround, and in 2013 he won a similar award as part of the Insolvency & Rescue Awards. Such skills should come in handy when navigating the currently challenging and aggressively competitive market for alternative UK full fibre networks, where warnings about future consolidation are beginning to loom large over more than a few players.<\/p>\n

Residential customers of the service in London typically pay from \u00a322 per month for a 150Mbps (50Mbps upload) package on a 24-month contract term (inc. \u00a329 one-off installation fee), which rises to \u00a348 for their top 1Gbps (symmetric) tier with free installation.<\/p>\n

UPDATE 3:13pm<\/strong><\/p>\n

G.Network<\/a> has released an announcement via their website, which includes a couple of comments.<\/p>\n

Sean Williams said:<\/strong><\/p>\n

“G.Network is transforming London\u2019s telecoms infrastructure and has a long bright future ahead. I am delighted to have played my part in its early years, but the time is right for me to move on at this stage.”<\/p><\/blockquote>\n

Kevin Murphy, CEO of G.Network, said:<\/strong><\/p>\n

“I am very grateful to Sean for his support and diligence in my first year at G.Network. Sean has been instrumental in the growth of the business and his wise counsel and industry expertise has helped us successfully navigate this start up and investment phase. We wish him all the very best for the future.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Credible sources have informed ISPreview that the Chairman of London-focused UK ISP and broadband network builder G.Network, Sean Williams, has resigned after nearly five years in the post. The experienced chair is set to be replaced by Ian Gray, who appears to be a specialist in turning struggling businesses around.<\/p>\n","protected":false},"author":1,"featured_media":31687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,1994],"class_list":["post-35406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-g-network"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nChairman of London Full Fibre ISP G.Network Resigns as Biz Seeks Turnaround UPDATE - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Credible sources have informed ISPreview that the Chairman of London-focused UK ISP and broadband network builder G.Network, Sean Williams, has resigned\" \/>\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\/08\/chairman-of-london-full-fibre-isp-g-network-resigns-as-biz-seeks-turnaround.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chairman of London Full Fibre ISP G.Network Resigns as Biz Seeks Turnaround UPDATE - 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