Rural UK Fibre Broadband ISP Gigaclear Appoints New Chairman

Abingdon-based rural ISP and full fibre network builder Gigaclear, which has already extended their FTTP network to cover 580,000 premises (RFS) in England and signed-up over 130,000 customers, has today announced that they’ve appointed Andy Matthews to be their new Chairman – replacing Stephen Nelson who is retiring.

Andy is currently the Chief Investment Officer (CIO) of infrastructure investment firm Infracapital, which backs Gigaclear, and has been on the provider’s Board since 2019. Andy will succeed Stephen Nelson, who is retiring from Infracapital and is therefore stepping down from Gigaclear after 6 years in the Chairman role and almost a decade on Gigaclear’s board.

NOTE: Gigaclear is principally owned by Infracapital, together with Equitix and Railpen. The company previously had investment commitments estimated to be worth up to around £1.1bn (here) and, at the end of 2023, also secured a £1.5bn debt facility (here). The operator previously held an ambition to cover “over” 1 million premises by 2027.

Nathan Rundle, CEO of Gigaclear, said: “Andy’s experience has had a positive influence on the Board for many years and I look forward to continuing to work with him on the next exciting chapter. I would like to thank Stephen for his highly valued leadership during his tenure. Gigaclear has achieved significant growth in recent years, propelling the company ever further forward in its mission to become the UK’s leading rural altnet provider of ultrafast broadband. I am personally grateful for Stephen’s direction and support which has played such a pivotal role in the success of the business.”

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