Gigaclear set to float on London Stock Market
Gigaclear who target rural communities with their FTTH/P network is apparently set to float on the stock market according to the Financial Times.
Gigaclear has nine communities where its service is live and another five in the build phase. Crucially for future growth the operator believes there is a market of some 1.5 million homes that could benefit, hence the desire to raise more funding via the stock market, initially £20 million.
If Gigaclear can successfully go public and raise the funding we can expect to see a rapid expansion and it may also boost the ability of other firms to expand as confidence in the return on investment from full fibre networks increases.