Major UK broadband provider with 160,000 customers on brink of collapse - Birmingham Live

UK broadband provider on brink after falling into £1billion debt

The company will be run by creditors before exploring another sale process after previous attempts to sell the firm failed.

Major UK broadband provider with 160,000 customers on brink of collapse - Birmingham Live

It is being taken over by creditors after racking up £1 billion in debt.

Creditors Allegedly Set to Take Control of Rural UK Broadband ISP Gigaclear

A major newspaper has claimed that creditors of the indebted Abingdon-based alternative broadband ISP Gigaclear, which has built a full fibre (FTTP) network across 612,000 premises in rural parts of England and is home to c.160,000 customers, are set to take control of the business after an attempt to sell the company failed. The provider currently still holds an aspiration to extend their network reach to 1 million UK premises. However, like so…