June 21, 2023
Broadband
Alex Lowe

Rural UK ISP, Airband Community Internet is reported to be seeking new funding

Airband, a UK ISP focused on rural areas using a mix of fixed wireless (FWA) and a full fibre network (FTTP) is reported to be seeking a new funding source. The company has been going since 2009 and has a current target to feed 600,000 homes by 2025. According to a report from Sky News this week, Airband has reportedly brought in AlixPartners and Houlihan Lokey to help restructure the company and help find them additional funding.

Airband has been relying on government backed rollout contracts, such as Connecting Devon and Somerset (CDS) and Connecting Shropshire. Back in 2021, Aberdeen Standard Investments was brought on as a shareholder and provided a £100m debt package.

With a goal of providing broadband to 600,000 homes by 2025, the company has only done so to 200,000 homes based a recent press release.

The report from Sky News mentioned that Airband is looking to secure a “substantial injection of new capital.” With a plan in the works of the past few weeks. As of writing, Airband has not commented on this report from Sky News.

Other Posts

Tesla still ready to start building Model 3 this July
The new Model 3 is scheduled to be on sale later this year, prices from $35,000 with no UK pricing revealed
UK Broadband Investment for 380,000 Rural Premises Hits £1.3 Billion
As of April 2024, a record £714 million was invested in the broadband rollout
4/23/24
Technology
Ubiquiti launches new UVC-G5-Turret-Ultra camera
Ubiquiti has revealed the new UVC-G5-Turret-Ultra camera, with super long range night vision IR and more
3/21/24
Ubiquiti
Škoda is working on a small electric car, will cost under £20k
It has been reported that Škoda is working on a small electric car, similar in size to the existing Fabia. The upcoming car would cost under £20,000
8/31/22
Automotive