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 .
UK internet service provider (ISP) Gigaclear has received an all-cash £270m ($375m) offer from M&G’s Infracapital. Gigaclear’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 43.2%, also invests in TalkTalk 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 Infracapital.