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UK broadband provider plunges into administration after rats gnaw cables
['Cally Brooks', 'James Rodger', 'Simon Hamalienko']
Daily Star - News
UK broadband provider plunges into administration after rats gnaw cablesG Network has plunged into administration just a week after it was acquired by FitzWalter Capital from its previous owners, with rats reportedly gnawing through fibre cablesView 3 Images A UK broadband provider has gone into administration (stock)A major broadband provider in the UK has collapsed into administration after rats allegedly chewed through its fibre cables.
G Network's potential rescue has been scrapped due to worries that rodents have wreaked havoc on the fibre infrastructure.
Rival firm Community Fibre had been considering snapping up the troubled company's assets but pulled out over fears of extensive rodent damage to cables.
Speaking to The Telegraph, Community Fibre's chief executive Graeme Oxby confirmed the bailout wouldn't go ahead, citing the massive expense of fixing rat-damaged cables.
This development comes just a week after FitzWalter Capital took control of G Network from its previous owners, the USS pension fund and Cube Infrastructure Managers.