Aberdeen fund takes £200mn hit on failure of UK broadband provider

Why it matters

The Aberdeen fund's £200mn loss on a UK broadband provider failure signals distress in the indebted alternative network sector, which is relevant to credit professionals monitoring sector risk but represents a notable market event rather than systemic or regulatory significance.

Sources

• Financial Times

  Aberdeen fund takes £200mn hit on failure of UK broadband provider

  Sale of Airband to Macquarie-backed rival is latest sign of distress in indebted ‘altnet’ sector

• Financial Times

  Aberdeen fund takes £200mn hit on failure of UK broadband provider

  Sale of Airband to Macquarie-backed rival is latest sign of distress in indebted ‘altnet’ sector