Fibre network giant, ITS Technology Group, enlivens UK telecom sector with a hefty funding acquisition of £100 million from Avenue Capital Group. This new influx brings their total funds to £145 million, opening avenues for strategic network expansion and potential merges. CEO Daren Baythorpe echoes the optimism, hinting at enhancements of 10Gpbs-capable network and strategic acquisitions. Epidemic times demand robust connectivity and this new step promises just that. The partnership with Evolve, promises to feed into the rising demands for bandwidth-rich technologies.
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