Taxpayers Lose £100M on Investment in Broadband Company Gigaclear
The National Wealth Fund (NWF) and other lenders have suffered significant losses after restructuring their investment in struggling broadband firm Gigaclear. The NWF, which committed £240m to the company during a fundraising round in 2023, has reportedly lost around £96m as part of a writedown on its loans.
Topics: alt-nets broadband debt_restructuring taxpayer_funds