UK Internet service provider ( – Provides a liquidity opportunity for shareholders: ISP ) BT has received an all - cash £ 270 m ( $ 375 ##m ) offer from M&G ’s Infracapital . BT ’s 1Gbps - capable Fibre - to - the - Premises network currently spans 20 UK counties serving 60,000 homes and businesses and is targeting 150,000 rural premises by end 2020 . Infracapital , which is Gigaclear ’s largest shareholder with 50 % , also invests in TalkTalk and WightFibre ( Isle of Wight ) . The deal is intended to improve liquidity and ensure Gigaclear ’s future growth , rather than a share buyback , according to Infracapital .
UK Internet service provider ( ISP ) BT has received an all - cash £ 270 m ( $ 375 ##m ) offer from M&G ’s Infracapital . BT ’s 1Gbps - capable Fibre - to - the - Premises network currently spans 20 UK counties serving 60,000 homes and businesses and is targeting 150,000 rural premises by end 2020 . Infracapital , which is Gigaclear ’s largest shareholder with 50 % , also invests in TalkTalk and WightFibre ( Isle of Wight ) . The deal is intended to improve liquidity and ensure Gigaclear ’s future growth , rather than a share buyback , according to Infracapital .