Undersea cable cutting shenanigans lead Finland to create a dedicated maritime surveillance center
Moreover, some cable jackets are biodegradable, using soy-based or corn-based materials as part of their sheathing. This makes them attractive to the sensitive noses of rodents, as they smell like food and are more likely to be consumed.
Aside from this, The Telegraph reports that the majority of G.Network’s lines are located under the middle of roads, not sidewalks. This makes repair costly, as the company has to close thoroughfares when it needs to replace damaged fiber. Furthermore, it causes disruption, causing traffic to back up in already congested London.
It’s mostly for this reason that competitors aren’t scooping up the distressed company as it enters administration. The firm is currently owned by FitzWalter Capital, a private-equity firm that specializes in investing in distressed companies, where they’re either turned around or cut to pieces and sold for profit.
Community Fiber refused to bid on the company, with Oxby telling the newspaper that it hasn’t even conducted a technical assessment of the distressed broadband firm. He also added that other factors were driving the decision not to acquire its competitor. Because of this, the future of G.Network and its rat-damaged fiber optic network remains unclear.
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Key considerations
- Investor positioning can change fast
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Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/u-k-broadband-provider-bailout-scuppered-because-rats-chewed-through-its-cables-companys-fiber-network-reportedly-damaged-by-rodents-will-require-an-expensive-fix-to-get-it-up-and-running-again#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.