IoT cows set to benefit from fresh Gigaclear investment

Rural internet specialists Gigaclear has announced it has received an additional £111 million in investment to deliver ultrafast broadband to farmers and hermits throughout the UK.

Existing shareholders Infracapital and Woodford Investment Management have committed to investing an additional £60m and £15m respectively, with other shareholders contributing an additional £1 million. RPMI Railpen (Railpen) is a new face to the barn dance, bringing with it £35 million.

“Full fibre is the future,” said CEO Matthew Hare. “This latest round of investment will enable Gigaclear to step up our speed of network delivery and is a clear signal of the confidence investors have in our continued expansion and success.

“Millions of rural homes and businesses across the country need better broadband and we want to reach as many of those in rural areas as quickly as possible. Our pure fibre network transforms lives by providing access to the fastest internet speeds to be found anywhere in the world and technologically future-proofing these rural communities for years to come.”

Its long been an ambition of politicians and rule makers to ensure those residing in the countryside are given the same opportunities as those in the city. An additional £111 million will go some way to ensuring field-dwellers can now:

The promise of Gigaclear is to deliver ultrafast Fibre-to-the-Premises (FTTP) networks across multiple counties, reaching and connecting hundreds of thousands of people. In recent months, Gigaclear has won tenders to deliver its broadband network to hundreds of thousands of homes and businesses across Devon, Somerset, Gloucestershire, Herefordshire and Northamptonshire through the Government-backed Broadband Delivery UK (BDUK) programme.

It certainly is a bold aim for the business, but considering none of the major operators seem that bothered about our farming brethren, good luck to them.