Hyperoptic’s search for a new backer comes as the company looks to scale its operations just months after it appointed new finance chief Peter White. George Soros has reportedly hired LionTree to sell all or part of his stake in Hyperoptic in a deal that is expected to put the firm at more than £ 500 m . The ultrafast broadband provider , which received a cash injection from Abu Dhabi based Mubadala Investment Company last year and a further £ 500 m debt funding from a consortium of European banks including Barclays , BNP Bank , ING , RBS and Société Générale , is looking to scale it operations and has pledged to invest £ 500 m to expand its network over the next three years .
George Soros has reportedly hired LionTree to sell all or part of his stake in Hyperoptic in a deal that is expected to put the firm at more than £ 500 m . The ultrafast broadband provider , which received a cash injection from Abu Dhabi based Mubadala Investment Company last year and a further £ 500 m debt funding from a consortium of European banks including Barclays , BNP Bank , ING , RBS and Société Générale , is looking to scale it operations and has pledged to invest £ 500 m to expand its network over the next three years .