News Summary:
Gigaclear recently celebrated 15 years of rural broadband transformation on April 28, 2026. This follows the company's announcement on April 9, 2026, of the completion of its recapitalisation. This process has strengthened Gigaclear's balance sheet with a robust capital structure and a fully funded business plan, underpinned by £80 million in new capital from incoming shareholders secured in December 2025. Earlier on April 9, 2026, reports indicated that lenders would take control of the broadband altnet due to its near £1 billion debt. Previously, on April 8, 2026, news emerged that investors were set to take the reins, anticipating the deleveraging of the balance sheet. Gigaclear, a rural fibre altnet, operates across 26 counties in the UK, reaching 600,000 premises ready for service and serving approximately 160,000 customers. Earlier, on April 4, 2026, Gigaclear appointed Jon Hurry as chief commercial officer to accelerate its next growth phase, leveraging his over 25 years of telecoms and infrastructure experience from senior roles at BT Openreach and G.Network.
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