Hyperoptic Secures £100M in Funding

Hyperoptic, a UK based residential gigabit broadband provider, secured an additional £100m in debt funding.

Backers included four European banks – BNP Paribas, ING, RBS and Dutch investment bank NIBC.

The company intends to use the funds to accelerate full fibre rollout.

Led by Dana Tobak, CEO, Hyperoptic is a residential gigabit broadband provider running its own dedicated Fibre-to-the-Premises (FTTP) network. It now serves over 350,000 UK homes and businesses in 28 towns and cities across the country with plans to pass two million homes and businesses by 2022.
The company has previously received funds of over £75m.
In 2016 the European Investment Bank agreed to provide £21m to accelerate rollout and addressable market expansion. In 2013, Hyperoptic received an equity investment led by Quantum Strategic Partners Ltd, a private investment vehicle managed by Soros Fund Management LLC.



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