Gigaclear, an Oxfordshire-based broadband provider started in 2010 whose mission is to deliver high-speed fibre broadband to rural communities, is planning to connect an additional 40,000 properties in 2016, financed in part through an £18m debt facility from the European Investment Bank, the largest loan of its kind awarded to a UK company. In 2014, the broadband firm secured its first institutional investor, Woodford Investment Management, and last year the Prudential. Gigaclear currently offers up to 1,000 Megabits per second, with trials of 5,000 Megabits per second announced last November. “What we are doing changes people’s behaviour and some interesting opportunities will come out of the fact that when you have very high capacity, fast reliable broadband in your home and business, it will change the way you behave and open up new areas for new businesses.” The company has also been working on plans for a new gigabit service that will be available by 2020, which would allow customers to download high-definition video at speeds of more than 100 megabits.
Gigaclear, an Oxfordshire-based broadband provider started in 2010 whose mission is to deliver high-speed fibre broadband to rural communities, is planning to connect an additional 40,000 properties in 2016, financed in part through an £18m debt facility from the European Investment Bank, the largest loan of its kind awarded to a UK company. In 2014, the broadband firm secured its first institutional investor, Woodford Investment Management, and last year the Prudential. Gigaclear currently offers up to 1,000 Megabits per second, with trials of 5,000 Megabits per second announced last November. The company has also been working on plans for a new gigabit service that will be available by 2020, which would allow customers to download high-definition video at speeds of more than 100 megabits.