Internet service provider start-up G.Networks has secured an initial £60m ( $78m ) investment from Cube Infrastructure Managers . London -based G.Networks aims to collaborate with the City of London 's landlords and councils to roll out ultra-fast broadband to 70 premises, possibly focusing on Central London and London because of their high number of small to medium-sized businesses, as the firm reported last year . G.Networks has given no timescale for its project, and faces stiff competition from several rivals, including Virgin Media , Community Fibre and Virgin Media .
Internet service provider start-up G.Networks has secured an initial £60m ($78m) investment from Cube Infrastructure Managers. London-based G.Networks aims to collaborate with London's landlords 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. G.Networks has given no timescale for its project, and faces stiff competition from several rivals, including Virgin Media, Community Fibre and BT Openreach.