Aberdeen faces £200M hit after UK broadband provider Airband collapse
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An infrastructure fund from Aberdeen will suffer a loss of about £200 million following the bankruptcy of the British broadband supplier Airband, which sold only a few million pounds to Voneus, supported by Macquarie, reports the Financial Times. Airband's creditors will also be affected by this divestment, which comes after the decision of the asset management company to stop financing this company.
Aberdeen faces £200M hit after UK broadband provider Airband collapse
British asset manager Aberdeen, will take an about £200 million ($271.72 million) hit to one of its infrastructure funds following the collapse of UK broadband provider Airband, a source familiar with the matter said on Friday. “Following a disciplined review of future funding requirements and risk-adjusted return prospects, we made the difficult decision to cease […] The post Aberdeen faces £200M hit after UK broadband provider Airband collap…
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