Wireless Infrastructure Group (WIG) has secured £220m ($287m) of debt fundraising to invest in delivering 5G connectivity. Firms backing the Edinburgh-based wireless provider included Barings, Met Life and Vantage, and banks Barclays, Lloyds and RBS. The company said it would use that money for a new network which will be able to deliver speeds up to 1Gbps per second by 2020. Wireless Infrastructure Group (WIG) has secured debt fundraising of £220m that will allow it to deploy connectivity-boosting infrastructure in rural and urban areas, as well as along key transport routes across the UK. Intended for 12 years, the funding will help WIG with connectivity-boosting infrastructure along key UK transport routes, and in rural and urban areas. More fibre and small cell networks here will help it increase wireless capacity.
Wireless Infrastructure Group (WIG) has secured £220m ($287m) of debt fundraising to invest in delivering 5G connectivity. Firms backing the Edinburgh-based wireless provider included Barings, Met Life and Vantage, and banks Barclays, Lloyds and RBS. The company said it would use that money for a new network which will be able to deliver speeds up to 1Gbps per second by 2020. Intended for 12 years, the funding will help WIG with connectivity-boosting infrastructure along key UK transport routes, and in rural and urban areas. More fibre and small cell networks here will help it increase wireless capacity.