Gigaclear, which has connected 300,000 premises to ultrafast broadband services, is working with Rothschild to raise up to £300m of new capital, Sky News learns.
Gigaclear, the fibre broadband network provider, is plotting to raise hundreds of millions of pounds of further funding amid an industry-wide race to modernise Britain's communications infrastructure.
The capital-raise, which could comprise a combination of debt and equity, is one of a string of attempts by alternative network providers - or altnets - to secure sufficient funding to build businesses of genuine scale.
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