Ogi Secures £45m Funding To Support Next Stages Of Fibre Growth
By Joe O’Halloran, Computer Weekly Wales’s biggest alternative telecoms company (altnet), Ogi, has reached a deal on a £45m(US$59.3million) financing package from Cardiff Capital Region (CCR), alongside ongoing equity investment from its principal shareholder, Infracapital, to support the next stages in the company’s growth. Securing its first round of investment from M&G plc infrastructure equity investment arm Infracapital, Ogi launched in 2021, bringing full-fibre connectivity, telephony and business IT services to underserved communities across Wales, as well as boosting the alternative options available in major cities, and new and emerging...