Kent-based broadband ISP Trooli, which aims to deploy a full fibre (FTTP) network to 1 million UK premises by the end of 2024 (in August they reported 275,000 completed), has attracted fresh rumours of a possible sale after they reportedly appointed a business sale and restructuring specialist, David Duggins, to their Board.
At present the provider is known to be building across a sizeable number of towns and villages in Derbyshire, Kent, East Sussex, Berkshire, Buckinghamshire, Cambridgeshire, Hampshire and Suffolk. As part of this, Trooli were initially aiming to reach 400,000 premises across around 300 towns and villages by Dec 2022, but we’ve so far been unable to confirm how close they got to this.
The project was initially supported by an investment of €30m from the Connecting Europe Broadband Fund (Cube Infrastructure Managers) and £5m from NatWest, which was given a huge boost in 2021 by a new £67.5m debt facility agreement via a consortium of commercial lenders, facilitated by the CEBF (here).
