Latest news with #Broadband
The Independent
14-07-2025
- Business
- The Independent
Openreach challenger CityFibre secures £2.3bn financing deal
Broadband network firm CityFibre has struck a £2.3 billion financing deal in a bid to shore up its finances and drive further growth. The fibre broadband specialist, which is seeking to challenge BT's Openreach, said the deal would include £500 million in new funding from existing shareholders, such as Goldman Sachs and Abu Dhabi's sovereign investment fund Mubadala. The group has also expanded its current debt facilities by £960 million and agreed a further £800 million 'accordion' lending facility, which allows potential incremental increases in the debt. It comes after CityFibre said there was a 'material uncertainty' over its ability to continue without further funding in its accounts for 2023. However, the company said it has reported its first 'full year of profitability' over the past 12 months. The group is expected to snap up smaller alternative networks, called altnets, with the fresh funding in order to consolidate its position in the market. It comes amid pressure on independent firms from major players Openreach and Virgin Media O2, and high interest rates. CityFibre is seeking significant growth this year after striking a major deal with Sky. Greg Mesch, chief executive of CityFibre, said: 'This round of financing will supercharge CityFibre's next phase of growth as we consolidate the altnet sector, accelerate the pace of customer connections and unleash the full power of our market-leading network, for the benefit of all our partners, their customers and for the UK economy. 'There is huge opportunity ahead for CityFibre and it is testament to the success of the company that we have such strong backing from our lenders and shareholders. 'This multibillion-pound investment into critical digital infrastructure will deliver significant benefits across the UK, helping to realise potential and unlocking economic growth.' Chancellor Rachel Reeves said: 'Today's announcement shows Britain is attracting billions of pounds of investment, including through the national wealth fund, driving growth across British businesses. 'Investing in our digital infrastructure is key to ensuring our economy is fit for the future.'
Yahoo
14-07-2025
- Business
- Yahoo
Openreach challenger CityFibre secures £2.3bn financing deal
Broadband network firm CityFibre has struck a £2.3 billion financing deal in a bid to shore up its finances and drive further growth. The fibre broadband specialist, which is seeking to challenge BT's Openreach, said the deal would include £500 million in new funding from existing shareholders, such as Goldman Sachs and Abu Dhabi's sovereign investment fund Mubadala. The group has also expanded its current debt facilities by £960 million and agreed a further £800 million 'accordion' lending facility, which allows potential incremental increases in the debt. It comes after CityFibre said there was a 'material uncertainty' over its ability to continue without further funding in its accounts for 2023. However, the company said it has reported its first 'full year of profitability' over the past 12 months. The group is expected to snap up smaller alternative networks, called altnets, with the fresh funding in order to consolidate its position in the market. It comes amid pressure on independent firms from major players Openreach and Virgin Media O2, and high interest rates. CityFibre is seeking significant growth this year after striking a major deal with Sky. Greg Mesch, chief executive of CityFibre, said: 'This round of financing will supercharge CityFibre's next phase of growth as we consolidate the altnet sector, accelerate the pace of customer connections and unleash the full power of our market-leading network, for the benefit of all our partners, their customers and for the UK economy. 'There is huge opportunity ahead for CityFibre and it is testament to the success of the company that we have such strong backing from our lenders and shareholders. 'This multibillion-pound investment into critical digital infrastructure will deliver significant benefits across the UK, helping to realise potential and unlocking economic growth.' Chancellor Rachel Reeves said: 'Today's announcement shows Britain is attracting billions of pounds of investment, including through the national wealth fund, driving growth across British businesses. 'Investing in our digital infrastructure is key to ensuring our economy is fit for the future.'
Yahoo
11-07-2025
- Business
- Yahoo
GTPL Hathway Ltd: Quarterly Revenue crosses ₹ 900 Cr., increases 7% Y-o-Y
AHMEDABAD, India, July 11, 2025 /PRNewswire/ -- GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter ended June 30, 2025. Key Financial Highlights: Key Consolidated Business & Financial Highlights: Q1 FY26 (Y-o-Y Annual) Q1 FY26 Total revenue stood at ₹ 9091 Mn, a growth of 7% Y-o-Y EBITDA for Q1 FY26 was ₹ 1123 Mn with an EBITDA Margin of 12.4% & an operating EBITDA margin of 22% Q1 FY26 Profit After Tax stood at ₹ 105 Mn Particulars (₹ in million) Q1 FY26 Q1 FY25 Q4 FY25 FY25 Digital Cable TV Revenue 3,018 3,193 2,982 12,327 Broadband Revenue 1,359 1,348 1,358 5,456 TOTAL Revenue 9,091 8,506 8,989 35,072 EBITDA 1,123 1,205 1,144 4,625 EBITDA Margin (%) 12.4 % 14.2 % 12.7 % 13.2 % Operating EBITDA* (%) 22 % 23 % 22 % 22 % Profit After Tax 105 143 105 479 Operational Highlights Digital Cable TV Active subscribers were 9.60 Mn as of June 30, 2025 Paying subscribers stood at 8.90 Mn as of June 30,2025 Subscription revenue from Cable TV stood at ₹ 3018 Mn for Q1FY26 Broadband Increase in broadband subscribers by 20K Y-o-Y thus standing at 1050K Broadband revenue increased by 1% to ₹ 1359 Mn for Q1 FY26 Y-o-Y Homepass as on June 30, 2025, stood at 5.95 Mn – an addition of 50K Y-o-Y. Of the 5.95Mn, 75% available for FTTX conversion Broadband average revenue per user (ARPU) stood at ₹ 465 per month per subscriber, increased ₹ 5 Y-o-Y. Average data consumption per user per month was 410 GB, an increase of 17% Y-o-Y Commenting on the results, Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited, said, "It pleases me to report that the company has sustained its subscriber base across both our Cable TV and Broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape. This consistency reflects the strength of our customer relationships, the reliability of our service offerings, and the agility of our teams to adapt in a challenging environment. Looking ahead, the upcoming financial year will be pivotal for us. We are set to advance our capabilities in the distribution of television services, where we expect to realize tangible benefits over the medium term. Our long-term strategies remain firmly focused on sustainable growth, digital transformation, and delivering enhanced value to our customers. We continue to invest in upgrading our infrastructure, deploying emerging technologies, and innovating with consumer-centric solutions to meet the evolving demands of our subscribers. As the industry transitions, we remain optimistic about tapping into new opportunities while strengthening our core operations." About GTPL Hathway Limited GTPL Hathway Limited is India's largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company's Digital Cable TV services reach 1,500 plus towns across India in 26 states. The company enjoys an expansive network, comprising 48,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. The company offers an enviable catalogue of 975+ TV Channels with 130+ channels which are GTPL Owned & Operated Platform Services. As on June 30, 2025, the Company has 9.60 million Active Digital Cable TV Subscribers and 1.05 million Broadband Subscribers and a Broadband Home-pass of about 5.95 million. Safe Harbor Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Logo - View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Scoop
16-06-2025
- Business
- Scoop
A Frank Discussion About Losing Your Spark
-Spark announces another broadband price hike just as winter power bills hit Kiwi wallets. -Frank Energy is closing - adding more pressure to household budgets. -NZ Compare sees record-breaking traffic as over 50,000 Kiwis seek better deals this month. As winter power bills hit and broadband prices spike, NZ Compare is urging Kiwis to take control of their household bills. The cost-of-living crisis continues on a relentless march and Kiwi households are being hit with a one-two punch: the first hefty winter power bills have landed, and Spark, New Zealand's largest broadband provider, has announced yet another round of broadband price hikes. Meanwhile, last week Frank Energy customers have been told the brand is closing, and they'll be moved to parent company Genesis Energy, which will likely come with an increase in the size of the household power bill. For consumers already feeling the financial squeeze, it's just more frustrating news-and a reminder that loyalty often comes at a price. But there is hope for those willing to take action. In response to these developments, NZ Compare, the country's leading comparison platform for utilities and services, is seeing record traffic. Last week alone, the group's websites experienced their highest-ever weekly traffic, and more than 50,000 New Zealanders have already used the platforms during June to compare broadband, power, and mobile deals. "This is exactly the time when people need to take control," says Gavin Male, CEO of NZ Compare. "Just as that first big winter power bill hits your wallet, Spark is turning up the heat with fibre broadband price increases. You don't have to sit back and take it. There are some really competitive deals out there and if you are already on a fibre broadband connection, switching provider is incredibly simple." Spark's latest price increases follow a broader industry trend of rising costs being passed on to customers, often with little warning. Many consumers, like those previously with Frank Energy, are left scrambling for alternatives. "Whether you're dealing with Spark bumping up your fibre broadband bill or a power provider charging more for the same, it's time to stop paying the loyalty tax," continues Male. "These companies rely on customers staying passive. The bill apathy has got to stop! By comparing and switching, you're not only saving money-you're putting pressure on the market and these companies to stay competitive." The team at NZ Compare says now is the perfect time to reassess. Using tools like Broadband Compare, Power Compare, and Mobile Compare, Kiwis can easily find a better plan that matches their household's usage and budget. And the process is free, fast, and transparent. "New Zealanders are savvy, and they deserve better," says Male. "Every time someone switches, it sends a message to the industry. Let's stop rewarding companies for raising prices and start rewarding ourselves for making smarter choices."
Yahoo
11-06-2025
- Business
- Yahoo
Broadband Access Equipment Revenue Declines 8 Percent Due to Soft China Market While EMEA Shines, According to Dell'Oro Group
Residential Wi-Fi 7 Router Shipments Increased 1341 Percent Y/Y, Driven by Lower-Cost Dual-Band Units REDWOOD CITY, Calif., June 11, 2025 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, total global revenue for the Broadband Access equipment market decreased to $4.4 B in 1Q 2025, down 8 percent Q/Q but flat year-over-year (Y/Y). All eyes are on the second quarter, as the impact of tariffs and the potential for a global slowdown in macroeconomic growth will likely be seen then in terms of shipments and revenue. "Despite a high level of uncertainty about the global macroeconomic environment, broadband service providers in North America and EMEA continue to move forward with their fiber expansion plans, as evidenced by solid purchases of new OLT ports in both regions this quarter," said Jeff Heynen, Vice President with Dell'Oro Group. "On the flip side, cable operators dramatically reduced their spend on new Remote PHY Devices (RPDs), as they await new units that support a unified approach to DOCSIS 4.0," explained Heynen. Additional highlights from the 1Q 2025 Broadband Access and Home Networking quarterly report: Spending on 5G Fixed Wireless CPE reached another record high this quarter, as operators in the US, India, and a growing list of markets continue to expand their Fixed Wireless Access subscribers. Spending on DOCSIS infrastructure declined 34 percent from 4Q 2024, due almost exclusively to a 62 percent sequential decline in spending on RPDs. PON ONT unit shipments were up 1 percent Y/Y, marking the fifth consecutive quarter of Y/Y growth, as fiber ISPs focus on adding subscribers and increasing take rates. About the ReportThe Dell'Oro Group Broadband Access and Home Networking Quarterly Report provides a complete overview of the Broadband Access market with tables covering manufacturers' revenue, average selling prices, and port/unit shipments for Cable, DSL, and PON equipment. Covered equipment includes Converged Cable Access Platforms (CCAP) and Distributed Access Architectures (DAA); Digital Subscriber Line Access Multiplexers [DSLAMs] by technology VDSL, VDSL Profile 35b, and PON Optical Line Terminals (OLTs), Cable, DSL, and PON CPE (Customer Premises Equipment); Fixed Wireless Access (FWA) CPE; and Residential WLAN Equipment, including Mesh Routers. For more information about the report, please contact dgsales@ About Dell'Oro GroupDell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, data center infrastructure, and network security markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit View original content to download multimedia: SOURCE Dell'Oro Group
