Tag: UK

UK govt scraps Tory’s £1.3bn AI investment 

The newly formed Labour government has scrapped the £1.3 billion AI investment pledged by the Conservatives, despite newly appointed Science Secretary Peter Kyle promising to put “AI at the heart of the government’s agenda to boost growth and improve our public services” just last week. 

Read More

VMO2 prepares to spin off fixed network business

VMO2 is preparing to spin off its fixed broadband network into a fully owned wholesale subsidiary NetCo.

The move will open up VMO2’s broadband networks, which currently provide cable and fibre broadband services to 16 million homes, to wholesale for the first time, giving ISPs looking for scale an additional option beyond Openreach.

Read More

Gigaclear secures £1.5bn in fresh financing

Today, UK altnet Gigaclear has announced it has agreed £1.5 billion in new debt financing, with the funds coming from multiple sources, including ABN Amro Bank NV, Credit Industriel et Commercial SA, HSBC Holdings Plc, Lloyds Banking Group Plc, and NatWest Group Plc.

Read More
Loading