News
USS Investment Management has demonstrated ongoing confidence in the growth of London full fibre broadband provider, G.Network, by providing access to additional funding of £85 million.
CEO, Kevin Murphy reflected that “Our vision to build a better-connected London is coming to fruition and would not have been possible without the ongoing investment and support of USS”.
The new funding will be used to facilitate G.Networks ambitions to developing their business in the B2B retail and wholesale sector, working with partners such as Boldyn Networks to build more fibre. This fibre will support small cells, CCTV and smart city applications as well as seeing additional work with landlords and developers to pre-wire flats and office blocks across the network.
The company pointed to a number of measures to showcase business success, including ARPU approaching £50 and customer satisfaction reflected by a Trustpilot score of Excellent 4.5.
USS Investment Management first invested in G.Network in late 2020 with an initial investment of £295 million.
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