Gigaclear, the UK's leading rural altnet, today announces the successful completion of the recapitalisation of the company. The outcome significantly strengthens and deleverages Gigaclear's balance sheet, providing the company with a robust capital structure and a fully funded business plan, underpinned by the new capital of £80m from its incoming shareholders secured in December 2025.

With this recapitalisation complete, Gigaclear is entering its next phase of growth from a position of significantly greater strength and providing a stable foundation to deliver long-term, sustainable growth.

As part of the recapitalisation, which was agreed unanimously by the existing lenders and shareholders, ownership of the company has been transferred to a consortium of experienced institutional investors, including the National Wealth Fund, ABN AMRO and NatWest.

Nathan Rundle, CEO of Gigaclear, said: "I am delighted that we now have a satisfactory resolution of the negotiations with our shareholders and lenders on how Gigaclear is funded, and I look forward to leading the company through this next phase of growth.

"This new funding means we can continue with our plans to add more customers to our network, remaining fully focused on our goal to bridge the digital divide in rural Britain and deliver ultrafast, reliable broadband for homes and businesses that need it most."

Gigaclear is EBITDA positive and delivering on all key financial metrics with a clear path to cashflow positivity in the near future.

In 2025, the company expanded its network significantly under Project Gigabit, connecting more than 30,000 new premises, and is on track to achieve a 28% penetration rate.

Looking ahead, Gigaclear will continue expanding its customer base, investing in operational innovation and enhancing the customer experience through technologies such as AI-powered installation tools. Our focus remains on our mission to upgrade rural digital infrastructure and ensure underserved areas have access to fast, reliable connectivity.