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As per article yesterday in the FT here (no paywall) and subsequently re-reported over at ISPR News too.
All the meanwhile TalkTalk struggles and other Altnets lay off more staff and others like Netomnia and Brsk complete their mergers.
Are we seeing the early beginnings of consolidation and a show of the strong and the weak, as a precursor thereof?
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Should have also added....
G.Network have been actively canvassing buyers the last few months. So far no one interested.
Nexfibre are slowing their network build and have also paused their wholesale NetCo plans, due to "retaining capital discipline in an increasingly irrational altnet environment and remaining opportunistic around M&A"
Mmmm pass the popcorn 🍿
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G.Network are so poorly run, nothing could surprise me with them.
The only value the company has is to someone like CityFibre because they deployed a network in central London by doing a ton of civils and they own their own duct network as a result. A network serving 416k premises with takeup estimated at 5% isn't worth £450m, though.
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G.Network should be renamed D.Network. It would more accurately reflect their core asset which is a nice new green duct network with precious few actual paying customers. Last accounts gross revenue was just over £10M which although they didn’t declare connected customers since 2022, puts them in the ballpark of 20,000 to 25,000 paying customers. Which is a bit hopeless given their outlays. Mismanaged as you say. Badly so.
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CF has been ruthless in offering a very cheap product and also doing deals with councils so it has got access to high-density social housing.
I'm not sure if they are still building though,
(I am a happy CF customer)
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Nexfibre are slowing their network build and have also paused their wholesale NetCo plans, due to "retaining capital discipline in an increasingly irrational altnet environment and remaining opportunistic around M&A"
Mmmm pass the popcorn 🍿
I always thought the NetCo 1H2025 ambition was rather quick, especially as 1H2025 is nearly over!
Got any popcorn to share, this is going to run... 
25 years of broadband connectivity since Sep 1999 trial - Live BQM
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Some companies, when they talk about H1 or Q1, are talking about their company accounting year, not the calendar year.
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Around 6-8 months ago, they were prepared to build out to me (not huge maybe hundred metres or so pull from where their spine passes) in central London for a 2-3 year business contract. Otherwise there was no hope for a ‘regular’ resi type connection. Covered now by Openreach FTTP (since end Dec) and also active Hyperoptic service.
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Some companies, when they talk about H1 or Q1, are talking about their company accounting year, not the calendar year. Of course, and Apple are famous as having Q1 starting at end of calendar year covering the Christmas peak sales period!
25 years of broadband connectivity since Sep 1999 trial - Live BQM
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Yes stocking up the 🍿 machine!
As many of these companies are now coming to maturing loan obligations / refinance their debt / loans; easy, cheap money is increasingly harder to shake out of the magic money tree (aka private finance) as lenders (a) far more clued up / have less risk appetite then they did 4 or 5 years ago (b) it’s become increasingly apparent who has done a good job and who hasn’t…
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