Internet service provider start - up G.Networks has secured an initial £ ##50 m ( $ 78 million ) investment from Cube Infrastructure Managers . London - based G.Networks aims to collaborate with London 's authorities and councils to roll out ultra - fast broadband to 120,000 premises , possibly focusing on Westminster and the City of London because of their high number of small to medium - sized businesses , as the firm reported last year . (e.g. Openreach (BT), Virgin Media, Hyperoptic, Community Fibre and others are all fighting over parts of it). It has given no funding for its project , and faces stiff competition from several competitors , including Virgin Media , Community Fibre and BT Openreach .
Internet service provider start - up G.Networks has secured an initial £ ##50 m ( $ 78 million ) investment from Cube Infrastructure Managers . London - based G.Networks aims to collaborate with London 's authorities and councils to roll out ultra - fast broadband to 120,000 premises , possibly focusing on Westminster and the City of London because of their high number of small to medium - sized businesses , as the firm reported last year . It has given no funding for its project , and faces stiff competition from several competitors , including Virgin Media , Community Fibre and BT Openreach .