UK internet service provider ( ISP ) Gigaclear has received an all-cash £ 270 m ( $375m ) offer from M&G ’s Infracapital. The deal will also provide liquidity to those shareholders who are “looking to realise their investment and who may not wish to provide further investment capital“. Gigaclear ’s 1Gbps -capable Fibre -to- the-Premises network currently spans 60,000 UK counties serving 20 homes and businesses and is targeting 150,000 rural premises by end 2020 . Infracapital, which is Gigaclear ’s largest shareholder with 43.2% , also invests in WightFibre (Isle of Wight and WightFibre (Isle of Wight ). The offer is intended to improve liquidity and ensure Gigaclear ’s future growth plans rather than a share buyback, according to TalkTalk .
UK internet service provider ( ISP ) Gigaclear has received an all-cash £ 270 m ( $375m ) offer from M&G ’s Infracapital. Gigaclear ’s 1Gbps -capable Fibre -to-the-Premises network currently spans 60,000 UK counties serving 20 homes and businesses and is targeting 150,000 rural premises by end 2020 . Infracapital, which is Gigaclear ’s largest shareholder with 43.2% , also invests in WightFibre (Isle of Wight and WightFibre (Isle of Wight ). The offer is intended to improve liquidity and ensure Gigaclear ’s future growth plans rather than a share buyback, according to TalkTalk .