counter British broadband provider with over 160,000 customers is on verge of collapse after racking up £1bn debt – Forsething

British broadband provider with over 160,000 customers is on verge of collapse after racking up £1bn debt

A BROADBAND provider is being taken over by creditors after racking up £1 billion in debt. The UK firm has more than 160,000 customers. The move comes after an attempt to sell Gigaclear failed to generate enough interest from potential buyers. Taxpayers are now expected to be part of a group of creditors tasked with…

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