Investment helps Hyperoptic create 1,500 jobs
Broadband firm Hyperoptic is to create 1,500 new jobs after raising £250m in new funding.
The new funds, announced by the UK gigabit broadband provider in a statement late last week, were raised from eight international banks to extend its full fibre optic network to 50 towns and cities across the country by 2019.
As a result of this expansion, Hyperoptic needs to add to its 600-strong workforce with an additional 1,500 jobs across five sites.
Hyperoptic was advised by LionTree Advisors and the deal was co-led by BNP Paribas and ING, with a funding club of eight Tier 1 banks including the co-leads, Royal Bank of Scotland, Société Générale, Royal Bank of Canada, HSH Nordbank, NIBC, and Barclays.
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