H2O Networks
Encyclopedia
H2O Networks is a British
Telecommunications company who are currently supposed to be rolling out Fibrecity
around the UK. They were formally part of the i3 Group.
H2O networks in their Fibrecity (Bournemouth) and Fibrecity (Dundee) guises ceased their builds in October 2010 stating that there would be a short delay due to company restructuring. Their installation contractors in both cities were laid off. As of January 2011 works have still not recommenced.
In January 2011 it was announced that there had been a management buy-out of the H2O Networks part of the i3 business, including Fibrecity, by the ex i3 Group CCO Greg Mesch, the new company is to be called City Fibre Holdings.
Revelations about the financial backing behind H2O Networks were released in February 2011. Total Asset Finance, the backers, are now subject to an investigation by the Serious Fraud Office and, allegedly, currently owe a Belgian bank over £130 million. Over £90 Million of this is apparently related to loans being used to finance H2O Networks.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
Telecommunications company who are currently supposed to be rolling out Fibrecity
Fibrecity
Fibrecity Holdings was formerly owned by i3 Group and was acquired in January 2011 by CityFibre Holdings Ltd because of the scale and value of the fibre to the home network already built in Bournemouth, currently the largest in the UK....
around the UK. They were formally part of the i3 Group.
H2O networks in their Fibrecity (Bournemouth) and Fibrecity (Dundee) guises ceased their builds in October 2010 stating that there would be a short delay due to company restructuring. Their installation contractors in both cities were laid off. As of January 2011 works have still not recommenced.
In January 2011 it was announced that there had been a management buy-out of the H2O Networks part of the i3 business, including Fibrecity, by the ex i3 Group CCO Greg Mesch, the new company is to be called City Fibre Holdings.
Revelations about the financial backing behind H2O Networks were released in February 2011. Total Asset Finance, the backers, are now subject to an investigation by the Serious Fraud Office and, allegedly, currently owe a Belgian bank over £130 million. Over £90 Million of this is apparently related to loans being used to finance H2O Networks.